America's Wage Hope Hammered - Real Earnings Suffer Longest Slump Since 2009

For the first time since November 2009, real average hourly earnings tumbled for the 4th month in a row.

Despite all the hype, all the hope, and all the Phillips-curve-ian academic discussion...

 

Real wage growth just is not there...

Still it must happen soon, right?

Comments

ejmoosa pods Wed, 12/13/2017 - 12:24 Permalink

I used to work for a large company that did it's budgeting in the fall for the coming year.it was based on how profitable the company had been the previous 9 months.  If things improved drastically, we kept the same budget.  If things went downhill, we cut the budget.No matter how well the employees worked, their future pay was limited.It's an f'd up system.  But they all do it and they all stick to it.

In reply to by pods

Son of Loki ejmoosa Wed, 12/13/2017 - 14:16 Permalink

Illeagls and immigrants flooding into the country thanks to the Democraps. Hard to understand why blacks or blue collar workers would ever vote for a Democrap.Alabama is next; Dem Jones will turn it into a high unemployment,  high crime Sanctuary state for sure.The good news is illegals are already telling each other to leave my state and move to Dem-controlled, Socialist Utopia Alabama!

In reply to by ejmoosa

LawsofPhysics Wed, 12/13/2017 - 11:11 Permalink

fucking duh...What else would one expect from a world that has been rewarding BAD behavior and unproductive work for 40+ years?!?!?The "let the majority eat cake" monetary, social, political, and economic experiment continues!!!!"Full Faith and Credit"same as it ever was!!!!!!

Iconoclast421 Wed, 12/13/2017 - 11:13 Permalink

Doesnt matter. Just buy $2 tulips for $5000 in the hopes of selling them to some moron for $10000. That is all that matters in the world of central bank infestation.

venturen Vlad the Inhaler Wed, 12/13/2017 - 12:58 Permalink

or could it be the owner set....doesn't want to give you a raise no matter what? Wall Street and the billionaire owners were rescued and don't need your efforts. They will give you enough to buy a bit of pot or heroin to make you feel better about the money you owe on you 1500sf house for a Million...or the $2k rent for your 600sf of "living space" in your millennial city 

In reply to by Vlad the Inhaler

JibjeResearch Wed, 12/13/2017 - 11:21 Permalink

If you are mad, you are fuckedIf you think they are for you, you are fuckedIf you just go to work, you are fuckedIf you are fucked, you are double fucked.. You need to change your fucken way of thinking.Put your money on cryptos other than BTC.  This give you a chance to get ahead.If you don't do it, you are fucked. If you are being fucked with, you deserved to get fucked. I learned this poem in the US Army.

Snaffew JibjeResearch Wed, 12/13/2017 - 12:09 Permalink

yup...there's only 1300 of them trading out there...and about 300 are much better than btc, but with all new disruptive techs, there will be a massive crash in prices as consolidation comes as the direction develops.  It happens every single time.  How long the mania lasts is anyone's guess, but it is a ridiculous mania right now.  Btc is no better than chit---the biggest bubble ever and you think it will go on forever.  This is all something for nothing on the back of speculators---the tech is real, the valuation is not.  GL

In reply to by JibjeResearch

Serfs Up Wed, 12/13/2017 - 11:22 Permalink

And the REAL real wages are down even more than that.  BLS employees can form a circle, take their phony CPI and shove it up their ring partner's ass.

wisehiney Wed, 12/13/2017 - 11:32 Permalink

Here we comeWalking down the streetWe get the funniest looks fromEvery one we meetHey hey we're the funkysAnd people say we funky aroundBut we're too busy sinkingAnd we put everybody down

scubapro Wed, 12/13/2017 - 11:36 Permalink

  this  'earnings rise' and 'unexpected surge in inflation'  that eveyone keeps expecting reminds me of recent years'  'growth in the 2H of 201X'    which has never matiralized.     then there was the earnings reession and now rebound.....   BUT b/c the stock market goes up, we forget the recent meme and go onto the next one, keeping hope alive that the REAL economy will catch up to the PRICE of the stock market.       

fbazzrea Wed, 12/13/2017 - 11:42 Permalink

if the Fed raises their rate and further flattens or inverts the yield curve in the face of flat wages losing ground to a nominal Core CPI, there can be no question of their intent to initiate another massive asset transfer from the maximally leveraged guppies to the bottom-feeding financial sharks who own them. good job, bailin' Yellen... your seat at the banksters' banquet table has been reserved between Bernanke and Greenspan. btw, there won't be any cake. it's already been dished out to the plebs.