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 [3] is the unprecedented surge to real average hourly earnings that took place in October.
[4]
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.
[5]
Trickling-down Keynesian masters of central-planning, we bow down to you.
