Wednesday, December 06, 2017

Importing Deflation: Wage Edition

Some people--like, for example, the Chamber of Commerce--don't want you to see this stuff.

...the rise in productivity comes at the expense of the wages of the American worker who saw unit labor costs (wages) decline 0.2% (against expectations of a 0.2% gain) - down for 2 straight quarters for the first time since 2014.

Real compensation declined 1.1% YoY - falling for the fourth straight quarter......

Just in time for Christmas!!

Graphs at the link.

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