Friday, May 4, 2018

Wages continue to Stagnate

If you missed my column from 2 months ago about the Hidden Time Bomb in the unemployment numbers, I am reprising it today because 3 month have passed and the numbers still show the same troubling figures. . . and they will continue to until we face up to 45 years of stagnant wage growth.

"If you ever needed proof of the disconnect between Wall Street and average folks it is the response of the Markets to the unemployment numbers from last month. Not only were markets excited with the growth in the number of people employed but they were especially excited at the lack of wage growth. Their argument was that it means that inflation is not heating up; but lets call it what it is, a continuation of nearly 50 years of stagnant wages for middle class and working class families." http://bit.ly/WageStagnation

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