Many sources have been pointing out one of the ironies of the tax bill that was signed today: GOP legislators keep insisting that windfalls from corporate tax breaks will be given back to workers, largely in the form of new jobs or higher wages, while many of these companies are publicly acknowledging that they will do no such thing. For instance, check out this article on The Intercept, "Corporations Say Publicly They'll Pocket the Tax Cut, but Republicans Aren't Listening." The whole defense of the bill is wishful thinking from beginning to end.
The other irony is that legislators are pushing for job creation when unemployment is as low as it is. This is the same problem that conservatives are running into in Seattle as they try to argue against our $15 minimum wage. They want to claim there's massive job loss, but unemployment is super low. My favorite example is a pizza place near my house closing because it said it couldn't keep up with increased wages. This story made the rounds a few years back, but if you walk to the same spot today, the space is being rented by...another pizza place. Mysteriously, this shop has been going strong for several years, as have the dozen or so other pizza places in a one mile radius.
Low unemployment obviously doesn't mean that things are working well in America for the average person. Wages are still at a historic low; employment can still be underemployment, the rent is too damn high, and so on.
As far as listening to the rich, rather than their conservative puppets in the legislature, my favorite example is another Seattle figure, billionaire investor Nick Hanauer. My conservative friends, especially, should check out an article he wrote last year, "Confronting the Parasite Economy: Why Low-Wage Work is Bad for Business--and All of Us." It boils down to an early paragraph:
If, as many on the right are wont to do, we divide our nation into one of “makers” and “takers,” it’s not the working poor who deserve our derision, but the low-wage businesses that exploit them. These are the real deadbeats of the parasite economy: companies with a business model predicated on a cheap supply of taxpayer-subsidized labor, growing fat on the vast wealth of consumer demand generated by the middle-class wages of the real economy, while leaving employees with little if any discretionary income of their own.
This is especially important looking to the future fall-out from the tax bill. The Republicans pass an awful bill leading to huge economic problems, and one of their "solution" will be stripping entitlements from those who need it--the struggling American worker--in order to give massive entitlements to those who don't--wealthy individuals and companies who are making record profits.