by (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 Crawford considers the following as important: politics, US/Global Economics
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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.
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.
