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A 'Wage-Less' Recovery in the U.S.
Keywords:
Tags: United States,
Economists are calling this a "wage-less" recovery in the U.S. With unemployment at 8.8%, wage pressures are weak. Average hourly earnings were flat in March 2011. The annualized growth of average hourly earnings for the last 5 months is 1%, according to Gluskin Sheff chief economist Rosenberg. After accounting for higher inflation, real wages are actually falling.
High unemployment and declining wages in the U.S.: 2010-2012
01/01/2010
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Falling Wages at Factories Squeeze the Middle Class
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Increasing disparity in incomes, higher inequality and the middle class.
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The situation in the US, Germany, Britain, China, India, Brazil and other countries.
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Survey in China Shows a Wide Gap in Income
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German elections pit Merkel, challenger over poverty problems - The Washington Post
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Americaâs Sinking Middle Class
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Europe's Easy-Money Policy Snubs German Savers
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Germany's Social Democrats Agree to Coalition Talks With Merkel
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Household debt, income and savings in the U.S.- 2010-2015
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Wall Street Journal 02/02/2012
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
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Deleveraging: It's Not Over Till It's Over
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How Righteousness Killed the World Economy
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The shrinking U.S. middle class and what this may mean for consumption in the years ahead.
02/26/2008
If only 1.9 million hourly workers earned more than $20 per hour in April 2008, when the deep downturn that hit in October 2008 had not ocurred and the shift to part time employment and lower auto related wages was just underway, what would the numbers look like by 2010? And what does that mean for consumption? Does it prolong the downturn with demand slow to pick up? What does it mean for exports from China?
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Washington Post 11/22/2014
U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise
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The highly artificial nature of disposable income in the U.S. in 2010-2012
01/06/2009
One analyst calls it a dangerous aneuyrism. The U.S. consumer came out of the 2008 financial crisis with low savings and high debt. The additional consumer spending that is occurring in 2011 is coming from continued spending at high debt levels and is not sustainable according to experts.
Grouped Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
BusinessWeek 02/17/2011
Families Slice Debt to Lowest in 6 Years
Wall Street Journal 03/11/2011
A U.S. Recovery Built on Low-Paying Jobs
BusinessWeek 02/24/2011
Wall Street Journal 03/17/2011
Income Data Reflect Recovery's Fitful Path
Wall Street Journal 03/24/2011
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