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A tight labor market no longer forces employers to pay workers more, thanks to a combination of factors including the globalization of the labor force, job automation, the decline of unions, and the rise of contract work. (Photo: Shutterstock)

The White House has long said that corporate tax cuts will trickle down to American workers and pad their paychecks. Then, as if on cue, just as Congress passed a bill to enact them, a handful of companies announced employee bonuses they said were proof of that.

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