Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages

President Trump promised that his tax cut would encourage companies to invest in factories, workers and wages, setting off a spending spree that would reinvigorate the American economy. Companies  have announced plans for some of those investments. But so far, companies are using much of the money for something with a more narrow  benefit: buying their own shares.

January jobs: The US economy added 304,000 jobs. Workers got a 3-cent raise.

Employers added 304,000 new jobs to the US economy in January — once again surpassing economic forecasts, according to the latest jobs report from the Bureau of Labor Statistics. However, the latest jobs report once again shows little wage growth,
which remains the biggest weakness in the American economy. The average
US worker hasn’t seen their paycheck get much bigger since the Great
Recession, which ended around 2009.