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Note from Spencer

Summary:
(Dan here…there is a lot of discussion about reasons for wages not keeping pace with productivity and the like.  There are also discussions on the impact outsourcing, the role of monopolies and monopsony. and outright making it a policy to keep wages from rising.) Spencer thinks: Even though the year over year change in average hourly wages appears stable, if you look at the 3 month rate of change it shows wage growth accelerating significantly. Moreover, my wage equations is still calling for wage growth to accelerate. Meanwhile the monthly job numbers continue to show that employment growth is not significantly different under Trump than it was during the expansion phases of the cycle under Obama.

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(Dan here…there is a lot of discussion about reasons for wages not keeping pace with productivity and the like.  There are also discussions on the impact outsourcing, the role of monopolies and monopsony. and outright making it a policy to keep wages from rising.)

Spencer thinks:

Even though the year over year change in average hourly wages appears stable, if you look at the 3 month rate of change it shows wage growth accelerating significantly.

Note from Spencer

Moreover, my wage equations is still calling for wage growth to accelerate.

Note from Spencer

Meanwhile the monthly job numbers continue to show that employment growth is not significantly different under Trump than it was during the expansion phases of the cycle under Obama.

Note from Spencer

Dan Crawford
aka Rdan owns, designs, moderates, and manages Angry Bear since 2007. Dan is the fourth ‘owner’.

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