Home Prices In All US Cities Grow Faster Than Wages… And Then There’s Seattle
zerohedge.com / by Tyler Durden / Oct 31, 2017 10:42 AM
According to the latest BLS data, average hourly wages for all US workers rose at a respectable 2.9% relative to the previous year, if still below the Fed’s “target” of 3.5-4.5%, as countless economists are unable to explain how 4.3% unemployment, and “no slack” in the economy fails to boost wage growth. Another problem with tepid wage growth, in addition to crush the Fed’s credibility, is that it keeps a lid on how much general price levels can rise by. With record debt, it has been the Fed’s imperative to boost inflation at any cost (or rather at a cost of $4.5 trillion) to inflate away the debt overhang, however weak wages have made this impossible.
Well, not really.
The post Home Prices In All US Cities Grow Faster Than Wages… And Then There’s Seattle appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/10/31/home-prices-in-all-us-cities-grow-faster-than-wages-and-then-theres-seattle/
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