Summary:
What happens when you downsize a large number of people? Well, it depends on the cohort downsized. In this case, [embedded content] That’s correct; Average Hourly Earnings skyrocketed from .67 to .01: up .34. For context, that one-month change matches the average hourly earnings growth from September/October of 2018 until March of this year–18 months of increases in a month. And all it took was eliminating the jobs of about 6% of the U.S. population (not just workers).
Topics:
Ken Houghton considers the following as important: Hot Topics, US EConomics, wage growth
This could be interesting, too:
What happens when you downsize a large number of people? Well, it depends on the cohort downsized. In this case, [embedded content] That’s correct; Average Hourly Earnings skyrocketed from .67 to .01: up .34. For context, that one-month change matches the average hourly earnings growth from September/October of 2018 until March of this year–18 months of increases in a month. And all it took was eliminating the jobs of about 6% of the U.S. population (not just workers).
Topics:
Ken Houghton considers the following as important: Hot Topics, US EConomics, wage growth
This could be interesting, too:
Angry Bear writes Wages Have Not Caught Up with Previous Inflation
Bill Haskell writes Cannon ball don’t pay no mind . . .
NewDealdemocrat writes Economic Data
Bill Haskell writes Industrial Policy
What happens when you downsize a large number of people? Well, it depends on the cohort downsized. In this case,
That’s correct; Average Hourly Earnings skyrocketed from $28.67 to $30.01: up $1.34.
For context, that one-month change matches the average hourly earnings growth from September/October of 2018 until March of this year–18 months of increases in a month. And all it took was eliminating the jobs of about 6% of the U.S. population (not just workers).