Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: glenn_a who wrote (9458)	7/17/2004 10:00:17 PM
From: mishedlo	Read Replies (1) of 116555

Hourly Pay in U.S. Not Keeping Pace With Price Rises By EDUARDO PORTER Published: July 18, 2004 nytimes.com Even though the economy has been adding hundreds of thousands of jobs almost every month this year, stagnant wages could put a dent in the prospects for economic growth, some economists say. If incomes continue to lag behind the increase in prices, it may hinder the ability of ordinary workers to spend money at a healthy clip, undermining one of the pillars of the expansion so far. ===================================================== The following comment from Brian on the FOOL (increase in wages < increase in inflation) + record consumer debt = deflation (IMHO)

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