https://www.foxbusiness.com/economy/wages-us-are-falling-striking-pace-indeed-says the next thing to start lowering will be interest rates. When wage growth slows you will see purchasing slow as well. I would love to see some market correction in the housing market as well. The only thing we have to be careful of is making sure this wage growth decrease doesn’t extend into layoffs. It’s a touchy game when dealing with the economy. They keep on talking a soft landing with this interest rate hikes. If they want a soft landing I believe they better start decreasing interest very slowly now. But I am still very skeptical about our ability to make a soft landing.
Since the US was created, other than during the Depression , prices have been increasing. Countries with deflation fail.
Under this administration everything is going up in price except for your rate of pay. The purchasing value of your dollar is crashing but just go ahead and keep voting for The i moronical idiot who made that happen
Oh that sounds great, we should keep voting for the dumbass who makes the prices keep going up... But it has nothing to do with him even though it keeps happening on his watch. So let's just keep voting for him
I would like to have someone for president where we don't see the purchasing value of our dollar keep decreasing each and every year and every month. We had a president like that before legions of morons elected this one.
The rise in minimum wage in my country is killing the markets that rely on these workers such as hospitality and leisure. Another increase in April in excess of 10% coming up. This is compounded by the increase in other costs. Businesses like hotels cannot increase their selling prices to offset the increase in expenses which is leading to many small businesses closing down. I see a severe recession in my country coming up. Something drastic does need to be done starting with huge cutback in government spending. Unfortunately I see the opposite happening when the Labour party gets into power. The UK is on a tipping point. The US is in much a better state that we are. I hope you do have a soft landing as bad news economically in your country has a huge detrimental effect on us
Misleading Fox headline. What the Indeed economist said was: So what is falling is the rate at which wages are increasing.
Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over https://fred.stlouisfed.org/series/LES1252881600Q In 1984-86 CPI adjusted dollars, weekly wages during the '80s and '90s were in the $310 to $330 range. During the period 2000 and 2015 they were in the $330 to $340 range. There was an increase during 2015 to 2019 to $360, and then a spike in 2020 due to lots of lower paying jobs being lost during Covid. We're back to around $370. Looking only at wages in current dollars would give the impression that wages have increased steeply since the '70. That is not true when adjusted for inflation. The increase has been very modest over the last 50 years. After taxes it may be non-existent due to bracket creep.
the Republican run FED said they were raising interest rates to keep wages low... to cool the hot Biden economy.... Republicans getting their way I guess
Greedy Corporatism is destroying Capitalism... excessive foreign imports, excessive foreign outsoucing and planned obsolesce
this Republican made is clear why raising interest rates... "Fed’s Powell cites top barrier to taming inflation — workers’ wages " https://www.politico.com/news/2022/11/30/feds-powell-inflation-workers-wages-00071403 "Federal Reserve Chair Jerome Powell on Wednesday said the biggest remaining barrier to taming inflation is the shortage of workers, which is giving Americans greater clout to seek higher pay." the Republican run FED is trying to slow the hot Biden Economy, they believe wages rising too much, if you get more than a 2% raise, Republicans feel you are part of the issue “To be clear, strong wage growth is a good thing,” he said. “But for wage growth to be sustainable, it needs to be consistent with 2 percent inflation.” That will require reducing demand for labor by slowing the economy, he said.
there is a balancing act between wages and inflation, right now wages are falling behind - time to raise the min wage
U.S. wage growth slowing <> Wages falling. The FOX headline is designed to mislead, which is typical of them. It means wages are growing at a slower rate, which is what the Fed wants to see. As long as wages grow rapidly, the inflation will grow as well. Yes. No. Currently wages are growing faster than inflation.
yep, the US was facing recession in 2018, the FED dumped trillions in to save the Trump economy the problem is, the higher prices was due to Covid related supply issues and our tariff\trade war.... which I support, but wages also have to go up as it does raise prices
Here's why I don't believe anything American anymore. The headline is "wages are falling" meaning income is falling. However the story documents a decrease of the rate of rise in income. Big difference. I call that baiting. The overall effect is that most people will only note the false headline and reinforce the false belief the American economy is tanking.
Wages in the US are falling at a 'striking' pace, Indeed says I would expect that. We have full employment in the U.S. and wages vary primarily from supply and demand. There is not much demand for new employees. It is economics at work.
