So Much For That... Real Wage Growth Slumps To Lowest In 30 Months

Remember when everyone was excited about wage growth re-appearing and escape velocity, and textbook wage inflation appearing thanks to tight labor markets... well that's all gone! Average weekly earnings grew at just 0.5% YoY in November - the slowest pace of wage growth since July 2014.

In fact real average weekly earnings decline 0.4% in November MoM (despite the post-Trump exuberance)

 

Probably time for calls for $20 minimum wage.. or how about $30?