Post Tagged with: "wages"
Pippa Malmgren on the Republican Presidential Debate
Former George W. Bush official Pippa Malmgren does a good analysis for Bloomberg of the issues important to voters and how they will play in this year’s presidential election
Will internal devaluation work?
My friend Rob Parenteau doesn’t think it will. His argument against it is similar to the one I have been making about the origins of this crisis. Here’s what I said
UK real wages are falling
These numbers are well under the inflation rate and show British consumers becoming victims of stagnating and negative real wage growth
Manufacturing inflation in a wage deflationary environment
How does manufacturing CPI inflation benefit an economy in which incomes are falling? When inflation rises and incomes are stagnant or falling, the economy rolls over
China Notes from the Yum! Brands Earnings Call
Today’s Yum! Brands’ earnings conference call was dominated by China. Management talked a lot about commodity inflation running around 8 percent and 20% labor inflation, which they do not yet see abating. This doesn’t square with the August official inflation rate of 6.2 percent. A China hard landing scenario is now on traders’ radar and needs to be closely monitored. The stock closed down 2.7 percent
China currency bill is about US politics, not trade
Below is a video of my appearance on RT International last night discussing the recent bill to authorise sanctions against the Chinese for currency manipulation. I see this bill as all about the politics and little about the economics
Chart of the Day: Eurozone wage growth, pre-crisis
10% ‘internal devaluation’ in Germany took eight years. We are talking now about 20-30% wage and price cuts in Greece and Ireland. How realistic is that
Increase in UK take home pay more subdued
Disposable personal income gains are moderating. In the UK, where the increase in consumer prices is the most elevated in the G7, income in real terms is declining and that has led to a gloomy picture of the UK economy’s prospects
64% of Americans Can’t Handle a $1,000 Emergency Expense
This is a stunning stat and shows how out of touch Washington and Wall Street are with Main Street. Imagine if gas prices spike $2.00 per gallon
Russia’s Economic Interests (Part 1)
The neoliberal idea is to dismantle the government’s ability to regulate markets to steer growth and economic advance in the national interest. They claim that this is an alternative to centralized planning. But the reality is that it simply centralizes planning in the hands of bankers – primarily those of Wall Street and the City of London, followed by financial interests in satellite economies and other subordinate partners in this policy
Stagnant growth in UK take home pay
Annual growth on the VocaLink Public Sector Take Home Pay Index stands at 1.3% and in the private sector, growth has fallen to 2.9%
Britain: public sector income growth lags private sector after pay freezes
Below are the findings of the recently released VocaLink Public Sector Take Home Pay Index. The VocaLink Take Home Pay Indices measure after-tax income as opposed to pre-tax gross income. So they are designed to reflect what Americans call disposable personal income