(10-28-2019, 10:48 AM)mikesez Wrote:

(10-28-2019, 08:23 AM)jj82284 Wrote: In the abstract you are correct, there are a lot of factors.  However, many CEOs have stated that a large reason for capital investment has been corporate tax reform.

A CEO is lucky if he fully understands the cause-effect relationships between his own decisions and the success of the business he (or she) is leading.

CEOs are putting out statements crediting these tax cuts just because they want more where that came from.

Wage growth comes from growth in productivity combined with a scarcity of skilled labor.  Nobody can snap their fingers and create either condition.  

A CEO can make certain investments in technology and training to increase the productivity of their own workforce, but he can not, on his own, lower the unemployment rate to create the scarcity of skilled labor.  President Trump reducing certain visas has helped more, but even that only marginally.  I'd give the tax cut almost 0 credit - all indications are that most of the corporations just added that new money to the cash pile or issued larger dividends.  There is very little evidence that they drove any significant amount of it into tech or training.