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Trump Tax Cuts Put More Money in Americans’ Pockets. They Stashed Rather Than Spent.
Americans stashed rather than spent their initial earnings boost from the recently passed Republican tax cuts, putting off the economic surge many onlookers expected. Consumer spending grew at a sluggish 0.2 percent pace in February, the first month companies adjusted...
Union Decline Is to Blame for Wage Stagnation, But Union Resurgence May Solve It
Shannon Johnson eats one meal per day, often consisting of a can of tuna and celery sticks. Her job in food service at Disneyland Resort, a set of hotels next to the theme park in Anaheim, California, pays an hourly wage of $11, the state minimum. When she leads a...