While we are observing some indicators that imply modest wage growth, at this point it is more noise than signal and does not imply an imminent breakout in wage push inflation that would end the three-decade period of quiescence in pricing. … READ MORE >
wages
A K-shaped wage environment: Abnormalities in wage and benefit growth during the pandemic
The economic distortions of the pandemic are becoming increasingly evident in the divergent fortunes of the nation’s workers. Hourly wages are rising at a solid rate among nonsupervisory workers, but that’s primarily because of the reduction in force of low-wage workers. … READ MORE >
CHART OF THE DAY: Small business optimism fades and wage stagnation hits employees
The National Federation of Independent Business compensation index points toward wage stagnation as small firms adjust to an impaired U.S. economy. … READ MORE >
Employment in black and white: Wage inequality
The American condition, no matter how one measures it, inevitably comes back to jobs and wages. Wage inequality, whether it be the difference between men and women, or black and white, is undeniable. … READ MORE >
Despite strong consumer spending, higher costs bite into consumer margins
Even as trade disputes and other economic headwinds surface in 2019, the U.S. consumer has held strong and continues to fuel growth in the domestic economy, albeit at a slower pace than in recent years. … READ MORE >
Wage growth and the end of business cycles
“It’s likely that wage growth has peaked in the current business cycle,” writes RSM Chief Economist Joe Brusuelas, “which strongly suggests that the U.S. economy has entered the latter stages of the economic expansion.” … READ MORE >