On: Dow plunges 1000 points

[adventured]

The wage growth would be nice, except actual wage growth isn't anywhere near 3%. That's the nominal figure.

For production and non-managerial positions, which is nearly the entire economy, inflation adjusted annual wage growth is under 1%. We'll need to see 4% or 5% nominal wage growth, with inflation holding at 2% or lower, to generate meaningful wage gains at the median.

[cgb223 → adventured]

I haven't heard this side of the argument, do you have a source on that data?

[woolvalley → cgb223]

Would this be it? https://fred.stlouisfed.org/series/AHETPI

Disclaimer: I don't know much about the arguments, to me it just looks like a typical linear graph.