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ranbotrader
Member since May 2012
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Why Wage Growth Is So Weak

- Frank Shostak -

What a total load of bollocks.
The western world is experiencing automation on a massive scale and CLASS WARFARE where workers are increasingly offered casual work and their pay rates are kept low. At the same time the top end of town as well as aspiring high income earners have been gaining huge pay increases.

I find it sad that any number of story tellers like the above do the economist BS and avoid the facts. Do they not understand that the divide between rich and poor has been growing year on year for a long long time?

Commented 1765 days ago

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Beginning of the headline :The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now. Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial producti... Read More

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