More on Those Big Tax Cut Bonuses for Workers (see addendum)

Many large companies managed to get some good publicity by announcing bonuses for their workers which they said were the fruits of the tax cuts. We, of course, have no way of knowing the extent to which these bonuses were due to the tax cut or were simply a story of companies trying to retain workers in a tighter labor market. 

In that context, it would have been better to see pay increases, which presumably will be in place in subsequent years and provide a higher basis for future pay r...