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Workers with tepid wages come up short on benefits and bonuses, too


Ninety percent of workers should have higher take-home pay as a result of the tax cuts, said John Kartch, vice president of communications at Americans for Tax Reform, a conservative advocacy group.

He pointed to a list of companies providing new benefits and bonuses in response to the tax cuts.

“I’ve spent a lot of time on the phone with small businesses on this list, and I can tell you there is a lot of excitement out there,” Kartch said. “I’d encourage you to reach out to some of them, beyond economists sitting behind desks in D.C. and New York.”

Robert, a manager at a location owned by Darden Restaurants, who asked not to use his full name because he was discussing his job, described the bonus the company gave as a result of the tax cuts as “breadcrumbs at best.”

After taxes, he was left with an extra $300. “I paid an electric bill and went out to eat,” he said.

Darden did not respond to a request for comment.

The reality is that wages, benefits and bonuses are all slow to grow, Mishel said. “Workers are still waiting to see a payoff from the recovery,” he said.

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source : CNBC

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