Indeed reported that employment continued to grow at a slowing rate through the end of March, with nominal wage growth driven by elevated demand for workers & low joblessness.
When wages are calculated by a gold standard, we see that the wage of production workers is as low as it has been since 1980 (representing an all-time low).
Is the rate of productivity increase a cause for concern?
Walmart’s earnings reveal that all is not right with the economy.
In the first of this 3-part series on the causes of inflation, we start with the scenario of when consumer demand exceeds the supply of goods.
Stagnant wage growth during last year and again in 2022 requires entrepreneurial solutions.