Skewering of Leftist Economic "Conventional Wisdom"

[finnbow]

Again, Whell uses a single anecdote to try to prove a larger point, just as he did with the Carrier deal in Indiana (where Trump "saved" hundreds of jobs, only to have Carrier move all the jobs to Mexico anyway). The only thing this anecdote proves is the existence of an anecdote.

Here's the truth of the matter. The consensus of non-partisan economists and researchers is that ~20% of such tax increases actually help employees. The rest goes to shareholders.
https://www.cbpp.org/research/federa...administration

Target raised their minimum wage last year to $11 far before the GOP's tax plan was finalized. It could be argued that labor market forces compelled Walmart to act and they chose to throw (the ever-needy) Trump a bone by attributing it to the tax bill.