hand drawing arrows “Real wages” for Q2 of this year actually fell by 1.8 percent, with inflation factored in, and dropped 1.4 percent year over year, again with inflation factored in. (Photo: Shutterstock)

Despite high levels of employment and the passage of the Tax and Jobs Act, real wages fell in the second quarter, declining the most in seven years.

That’s according to the 2018 PayScale Index, which tracks quarterly and annual trends in compensation and finds that in Q2, despite a hot job market and the Tax Cut and Jobs Act, wages actually fell 0.9 percent compared with Q1.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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