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In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Tag Archives: Wages
Really, How Was That Employment Report?
Summary Friday’s payroll numbers were very good, slightly above the trend increase over the past 92 months, but does not live up to the hype Job creation during President Trump’s first 16 payroll reports is almost 500k lower than under … Continue reading
Supply (lack of ) Driven Bull Market
I had an interesting conversation with an economist friend this morning about inflation and excess capacity. He sees no evidence of excess capacity in the U.S. economy, including the service sector, where he cannot find, say, a plumber for hire … Continue reading
Posted in Charts, Equities, Inflation/Deflation, Uncategorized
Tagged Asset Markets, Buybacks, IPOs, Stocks, Wages
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US wage battle continues – FT
Moves by Walmart and McDonald’s to raise the hourly wage for workers to nearly $10 an hour merely encouraged more low-paid staff to join a US-wide day of action, say organisers. The FT’s Christopher Booker reports from NYC’s protests. For … Continue reading
Manufacturing Compensation Costs
Nice charts from the BLS. Even though the big countries — China and India — it does give a a sense of the relative competitiveness of nations. Chart 1 – Average hourly compensation costs in U.S. manufacturing, at $35.53 in … Continue reading
Hours of Work Needed to Buy An Ounce of Gold
More great work from our friends at The Chart Store. It now takes over 88 hours of work at the average hourly wage to buy an ounce of gold. What an incredible increase in the relative price of gold and … Continue reading
Employment & Wage Trends in New York City
Great data from from the BLS. The average annual wage in New York’s financial industry more than tripled from 1990 to 2009. These numbers, even though employment in the industry declined by close to 20 percent, makes us want to … Continue reading
Posted in Charts, Demographics, Employment
Tagged employment, Financial Industry, New York City, Trends, Wages
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China Notes from the Yum! Brands Earnings Call
Today’s Yum! Brands’ earnings conference call was dominated by China. Management talked a lot about commodity inflation running around 8 percent and 20% labor inflation, which they do not yet see abating. This doesn’t square with the August official inflation … Continue reading
Posted in Black Swan Watch, China, Commodities
Tagged China, Inflation, Wages, Yum! Brands
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