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Behold The Surge In Real October Earnings
Who says there is no wage growth in real (or nominal terms)? After real wages failed to rise in real terms on 6 of the past 7 months, here courtesy of the BLS is the unprecedented surge to real average hourly earnings that took place in October.
A slightly longer-dated chart show that real wages are almost back to the level they held when the S&P was trading at 666.
Trickling-down Keynesian masters of central-planning, we bow down to you.
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Shit that makes me feel alot better
Winning....
How many retail stocks are in the negative EPS CLUB?
http://growerjohn.wordpress.com
WOOOO!!!! HOOOOO!!!!!!
A WHOLE Penny!!!
Hey, when someone offers you a penny for your thoughts, and you throw in your 2-cents; what happens to the extra penny?
President Barack Obama’s unilateral amnesty tonight will quickly add as many foreign workers to the nation’s legal labor force as the total number of new jobs created by his economy since 2009. The plans, expected to be announced late Nov. 20, will distribute five million work permits to illegal immigrants, and also create a new inflow of foreign college graduates for prestigious salaried jobs, according to press reports.
http://dailycaller.com/2014/11/20/obamas-amnesty-will-add-as-many-foreig...
Our lawn mowing overlords are coming................
The immigration reform initiative known as FWD.us that was founded by Facebook CEO Mark Zuckerberg plans to launch a massive political push in December to support President Barack Obama's planned executive action on immigration. On Tuesday evening, it brought roughly 100 entrepreneurs to a "mini-hackathon" at tech incubator Cross Campus as part of a nationwide push to support the president's strategy.
Though FWD.us declares that its mission is "to advocate for policies that will make the American dream achievable in the 21st century economy," its main focus is immigration reform, which it describes as necessary both for economy growth and to "live up to our American ideals." The group includes tech heavyweights such as Microsoft's Steve Ballmer and Bill Gates; Google's Eric Schmidt; and former Napster founder Sean Parker.
http://www.breitbart.com/Breitbart-California/2014/10/29/Revealed-The-Te...
I'm sorry; did you misspell that? Isn't it really spelled:
FEED.us?
Wait Tylers - you're being sarcastic, right? ;)
Awesome post -- ZH at its best.
Endeavor to persevere...... https://www.youtube.com/watch?v=rsL6mKxtOlQ
Way to engineer that ordinate, guys!
Must have been an uptick in the number of Santas delivering pizzas on their way to the mall.
Thursday Humor! Funny!
luckily, the prices of such silly things as food, housing and energy have not gone up since 2009. the fed wins. the bottom 99% get pillaged.
That penny - multiplied by the 500,000 people in this country that still have jobs - will have a potent impact on this economy.
Dems heard that. Time for a tax increase!
And up a whopping 4 cents from Oct 2013!
IT'S PARTY TIME!!
Bigger is better
Looks like a rounding error in the computer...
My cup runneth uber.
“Every joy is gain
And gain is gain, however small.”
?Robert Browning
Every misery is loss.
And loss is loss no matter how small.
How much did wages lose against in inflation in that same month.
Yet the stupidity of the majority of the population allows the MSM to present things in a positive light.
Gruber, that you?
Yeah, he can't get a good mention on PMSNBC, so he's resorting to blogging under pseudonyms...
1 zinc penny diluted with copper for your troubles.
Making pennies out of cubic zirconium could dramatically boost spending. Damn everyone, I feel nigga rich!
Should have gone out to 1/10,000th to make it a little more accurate.
WoW!!!! A Penny. Can't those idiots at the BLS fudge better than this?
But... But... Look how big that bar on the right is!
When I lay flat on my back, everything's looking up!
Yup and a chunk of America under ten feet of snow, S&P back nudging its all time highs. Makes perfect sense.
DavidC
HA HA HA :-) Greatest graph ever. Reminds me of the story of the flea floating down the river on a leaf, screaming for someone to open the drawbridge for him.
Ya got me on that one! Shoulda known better.
At first glance I almost sharted myself... Then I saw it was only 1¢. rotflmao :-D
Not sure a 5 center would fit on that Chart, gonna have to rescale it some day..
I feel i can speak for the majority on Z/H when i propose that WE the Peeps will' do whatever it takes ' to support our respective gubbmints EVEN if it means working for FREE or BallsIn, er sorry BailIn. s/c
I can now afford a subprime auto loan.
can I still get a free ObamaPhone?
I thought Winston Smith was out on vacation.
Must have used his laptop to "adjust" things from a beach.
An American, not US subject.
Unfortunately , these real numbers are , well , not real .
The lies are nested deep .
You are about 3 times richer than you think .
See
https://www.academia.edu/9405720/The_Economics_of_Disrespect_Update_I
or
http://andreswhy.blogspot.com/2014/11/the-economics-of-disrespect-update...
What is the old Commie saying? A statistician can turn shit into bullets?
+100 Tyler
Nothing like a wise ass in the middle of the week.
If you like your $0.12 raise (annualized), you can keep your $0.12 raise! I'd better stop typing and go buy more stawks at this bullish news!
Does anyone else notice that the same progressives who tell you that wages are not keeping up with inflation are crying for more inflation?
The cow is starving to death from eating sawdust and the answer is.....more sawdust.
QE + KY Jelly - real wages + fucked faked wages - trillions in "Welcome to USA" transfers for new green carders = "Look. It's going in, and its going in real deep. You can have us grease it, or you can decline, but gov't dicks are notorious for being -- well -- rough. Those who chose wisely didn't lose the 2 inches around their anus that those who didn't chose wisely lost."