The real reason Wall Street is euphoric over the tax plan (CNN) -

[dawg]

3. The value of my stocks will rise, because the after-tax net income of the underlying companies ...

will rise.

No competent CEO is going to raise wages because of the tax cuts. The only reason to raise wages is because market forces demand it. And it's still much easier to outsource labor to low wage countries rather than try and deal with overpriced (from the CEO point of view) U.S. workers.

Even if a corporation's labor pool is U.S. based, the potential ability to offshore those jobs will keep a lid on wages no matter how much after-tax money the corporation makes.