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Americans’ Real Wage Growth Slumps Most In 6 Years

Summary:
And just like that, a million hopeful voices cried out in horror... Real average hourly earnings shrank by the most since 2012 in July... For years hope has been soaring that household income will rise any minute now... and despite two years of disappointment, they remain optimistic...   But unemployment is so low? Full-employment? Wage ...

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And just like that, a million hopeful voices cried out in horror...

Real average hourly earnings shrank by the most since 2012 in July...

Americans' Real Wage Growth Slumps Most In 6 Years

For years hope has been soaring that household income will rise any minute now... and despite two years of disappointment, they remain optimistic...

Americans' Real Wage Growth Slumps Most In 6 Years

 

But unemployment is so low? Full-employment? Wage pressure? Hmm, maybe that dismal participation rate is more important that we thought...

Americans' Real Wage Growth Slumps Most In 6 Years

Just keep believing America!!

Tyler Durden
Tyler Durden (a pseudonym) represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is flawed and a deleveraging at every level of modern society is needed to reinspire the fundamental entrepreneurial spirit. Visit his blog: ZeroHedge (http://www.zerohedge.com/)

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