There has been a spate of articles today about the failure of wages/or cost of labor to perform in line with the rosy scenario laid out in the business press, in comments coming from the Fed and from many liberals.
The ironic "The fundamentals are sound" has timely come from a Pen-Ler. He's not on duty today, regrettably. Here are a few links to stories: > Quarterly Increase in U.S. Worker Pay Smallest on Record http://www.bloomberg.com/news/articles/2015-07-31/worker-pay-in-u-s-rises-0-2-smallest-gain-in-records-to-1982 > U.S. Labor Costs Rise at Slowest Pace in Three Decades > Persistently sluggish wage growth could weigh on Fed decision http://www.wsj.com/articles/u-s-employment-costs-rise-0-2-in-second-quarter-1438345911?cb=logged0.2946548005566001 Reuters delivered the positive spin -- the fundamentals are sound -- though the headline writer undercut it a bit: > Labor Costs Rise at Slowest Pace in 33 Years By REUTERSJULY 31, 2015 > http://www.nytimes.com/2015/08/01/business/economy/labor-costs-rise-at-slowest-pace-in-33-years.html?ref=business&_r=0 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
