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A Pay-Raise Rant Goes Bad and Reveals Angst of Workers

  • Wal-Mart, Chrysler payouts spur hope; Pfizer a cautionary tale
  • It’s been a long wait for wage breakout in tight labor market
Bloomberg business news
Mnuchin Says 90% of Workers to See Increase in Take-Home Pay
Corrected

Donald Trump says his corporate tax cuts are setting off a domino effect that will finally end the long, lean years for American wage-earners. And there are a handful of very public commitments to increase pay -- from Wal-Mart to AT&T -- that seemingly back that up.

But a tale out of another giant company, Pfizer Inc., illustrates why it may be too early to predict a wage bonanza.