Whats changed for American workers since last years tax reform

Whats changed for American workers since last years tax reorganisationWhats changed for American workers since last years tax reformWhen Congress passed a $1.5 trillion tax overhaul last year, supporters justified major corporate tax cuts by claiming the money companies saved would trickle down to Americas workers. Its still too soon to tell whether that theory will prove accurate. But there are some data points that indicate how the economy is trending almost a year after the Tax Cuts and Jobs Act was signed into law.Heres whats happened for U.S. employees since tax reform nearly one year ago.Salary bumps750 companies have proposed to use the money theyve saved through tax cuts to benefit their employees, whether through bonuses, raises, or other methods. Already, some workers have seen more green in their bank account because of the law.Just Capital, a nonprofit monitoring how 1,000 large companies are spending their tax cuts, estimates an average employee at one of those businesse s has seen a bump of around $225 this year thats linked to the act, according to the New York Times.The Labor Department announced inflation-adjusted wages were up by 0.5% in September. But that growth is actually lower than in 2017, before tax reform was enacted.Hirings and firingsThe unemployment rate has been steadilydeclining since 2011 (from a high near 10%)when the economy started recovering from 2008s Great Recession. The Bureau of Labor Statistics indicates that the U.S. unemployment rate was 3.7% in October 2018, and 250,000 jobs were created during that month.However, Just Capital discovered a surprising nuance within the booming economy The large public businesses they study have created 73,000 jobs but also gotten rid of nearly ersatzdarsteller that number.Some of these trends may not be a direct result of the tax cuts, which take time to manifest fully. Correlation does not imply causation, and the U.S. economy is privy to a lot of factors beyond tax reform that influen ce its success or failure.But for now, these are the takeaways American workers can infer from preliminary data about the tax cuts and what they mean for them. Now, its time to get up the gumption to ask for that raise - even $225 more a year can make a difference.