I just think Corporations will sit on their cash. Corporations as a collective would be wise to give their employees a wage increase, but they are not collectives. You say the unemployment rate can be fudged and manipulated. Can all of your charts also be fudged and manipulated? For example, the paltry post crisis chart shows that productivity has been rising from a negative to a positve since 2009, but not to the pre-crisis level. However, before the dip in productivity in 2008-9, there had been a dip and flat line during 2005 up to the crisis. Doesn't this marker mean anything? During the period leading up to the crisis, the economy was overheating, inflation was increasing, productivity had dropped and flatlined and then the bubble bursts. Is it possible "The wrong recipe for wage growth" is actually the chart for "real adjustment". Examples of real adjustment are the costs of foods, petro, utilities, etc. being down compared to the pre-crisis levels in 2008-9. A paycheck in 2015 buys more than it did pre 2008-9. A new lease on a car, bedroom furniture, a couch, a lawn mower, etc., rather than food and shelter. I think McDonald's and Walmart get it. Both are instituting pay rises because their employees are also their customers and if you are a customer, why would you want to shop at your employer if they are treating you unfairly. If you look at anyone's 401K at crisis level and compare and see how it has grown and sustained growth over the past 6-1/2 years, you would be a hard fool to say that you have lost money. My bet is one's 401K's has probably come close to tripling since the crisis years. The 8 years leading up to the crisis, I can say I don't miss the false growth and facade of success that led to the bubble bursting. I wouldn't even use those years in any chart unless you footnote and explain the deception which let to the crisis. www.goldmansachs.com/.../isg-outlook-2015.pdf
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Why There Is No Wage Growth In America
I just think Corporations will sit on their cash. Corporations as a collective would be wise to give their employees a wage increase, but they are not collectives. You say the unemployment rate can be fudged and manipulated. Can all of your charts also be fudged and manipulated? For example, the paltry post crisis chart shows that productivity has been rising from a negative to a positve since 2009, but not to the pre-crisis level. However, before the dip in productivity in 2008-9, there had been a dip and flat line during 2005 up to the crisis. Doesn't this marker mean anything? During the period leading up to the crisis, the economy was overheating, inflation was increasing, productivity had dropped and flatlined and then the bubble bursts. Is it possible "The wrong recipe for wage growth" is actually the chart for "real adjustment". Examples of real adjustment are the costs of foods, petro, utilities, etc. being down compared to the pre-crisis levels in 2008-9. A paycheck in 2015 buys more than it did pre 2008-9. A new lease on a car, bedroom furniture, a couch, a lawn mower, etc., rather than food and shelter. I think McDonald's and Walmart get it. Both are instituting pay rises because their employees are also their customers and if you are a customer, why would you want to shop at your employer if they are treating you unfairly. If you look at anyone's 401K at crisis level and compare and see how it has grown and sustained growth over the past 6-1/2 years, you would be a hard fool to say that you have lost money. My bet is one's 401K's has probably come close to tripling since the crisis years. The 8 years leading up to the crisis, I can say I don't miss the false growth and facade of success that led to the bubble bursting. I wouldn't even use those years in any chart unless you footnote and explain the deception which let to the crisis. www.goldmansachs.com/.../isg-outlook-2015.pdf