Late last year the media was happily proclaiming that US worker earnings were increasing. I showed at the time that they were wrong. Eventually the truth comes around to bite these people in the butt, because the seasonally adjusted data can only stay wrong for so long. Eventually, usually too late to do any good, SA data must revert to reality.
Employer Shell Games and BLS Manipulation Combined Mislead You About Wage Growth
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.