Thursday, June 16, 2016

Wages and Productivity: U.S. and U.K.

US Real Wages and Productivity
(1947 Q1 = 100)
 Graph #1, Source = Noah Smith

Graph #2, Source = CPS Think Tank

By the way, Noah thinks graphs like these are irrelevant.

1 comment:

Oilfield Trash said...


I think you will find this Steve Keen interview interesting. Frames a good theory why private debt is at the levels it is today and why it is going to be bad for the future. Unless we can figure out a way to reduce it without creating a depression.