Heterodox
Producer prices continue sharp deceleration; real average and aggregate nonsupervisory pay continues to increase – by New Deal democrat Historically producer prices were more upstream of consumer prices, but since the 1990s and the employment of “just-in-time” inventories, that has been less the case. So I normally don’t pay too much attention to the monthly PPI. But for the record, PPI continues to confirm, and amplify, what we’ve seen in...
Read More »In the aggregate, in real terms, average American households are bringing home more income
