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.