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Here are some different ways Trump may influence middle-class income.
These gains may be unevenly distributed, with wealthier households experiencing higher income improvements, said Warren.
However, a recession could strike next year or any year nonetheless.
During times of economic expansion, wages typically rise.
In recessions, they stagnate, causing what theInternational Monetary Fundcalls a decline in real income.
That was 15 years ago, almost to the day, and it has been there ever since.
While in Nevada, Trump floated the idea of ending the federal tax on tips.
Critics called the idea a wild promise made while campaigning in aswing state and service industry stronghold.
Trumps position on the issue is unclear.
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