The formula is simple: When the economy accelerates, employers compete for employees and wages increase.
President Trump’s regulatory rollback is driving an economic surge few anticipated. Tax reform promises to accelerate that growth by encouraging business investment and eliminating the perverse incentives that drive companies, jobs, and investments to other countries. The true test for these pro-growth policies is whether they result in a more participatory economy, in which workers’ incomes meaningfully increase over the long run. The early results are promising.