25
Sep
0 No comments

This is the chart on wages. The news is still not good. And, if you look at the table, the news is actually a bit bad. We are moving sideways. Which is better than going down.

So, to the extent that there is progress on wage income, it is all coming from people working more hours for the same money. Not what we want to see. And, something new given what we know about the unemployment rate.

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