Despite the promises of all the central planners that wage growth is coming (any day, week, month, quarter now with the recovery promised originally in first half of 2012 now delayed to the 9th half ), it appears that Americans are starting to give up hope in that one most important economic component: income growth.
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Source: Bloomberg
And so the long wait for higher incomes is coming to an end as Americans give up and sink back to the un-double seasonally adjusted wreckovery, of only for 99% of the population.
