You can now add Starbucks and J.P. Morgan to the list of companies that are increasing wages thanks to the Trump tax cut “armageddon”:
Starbucks to boost pay, benefits after U.S. lowers corporate taxes | Article [AMP] | Reuters https://t.co/AqD8m9xXYi
— David Alexander (@davidalexander5) January 24, 2018
More tax reform Armageddon: JPMorgan raising minimum wage to $18/hr, opening 400 new local branches, hiring 500 new bankers focused on small biz lending. $20 billion investment. https://t.co/UiwrjPxlFx pic.twitter.com/hu8vZ4IXyF
— Elliott Schwartz (@elliosch) January 23, 2018
Hardest hit? MSNBC’s Chris Hayes who just yesterday complained that companies were not raising wages and instead just paying out bonuses:
Notable that almost all these companies are announcing one time bonuses, which is like giving a tip, rather than *raises*, which entail a long term commitment to higher pay.
— Chris Hayes (@chrislhayes) January 23, 2018
First up, wth is wrong with a $1000 “tip”?
What’s wrong with a thousand dollar tip? I’d take it. https://t.co/y2SmtbaPEE
— David Marcus (@BlueBoxDave) January 23, 2018
But more importantly, the Trump tax cut is like a month old and we’re already seeing companies react. It will only get better from here:
Recommended
https://twitter.com/davidharsanyi/status/955901543542378496
“Struggling” puts it mildly.
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Related:
'LOLOL'! Nancy Pelosi's bold stand should have the GOP quaking … with LAUGHTER https://t.co/gSKId2MbRn
— Twitchy Team (@TwitchyTeam) January 22, 2018
Demolition: Bonus-Paying CEO Absolutely SCHOOLS Pelosi on Economics https://t.co/MXdzrnFYqg
— Twitchy Team (@TwitchyTeam) January 22, 2018
MIC DROP: Guy Benson BLISTERS Schumer, rewrites his shutdown statement (bonus Pelosi SLAM) https://t.co/Q2K7yyaWzs
— Twitchy Team (@TwitchyTeam) January 22, 2018
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