- The employment cost index rose 2.8 percent for the second quarter, the biggest increase since the third quarter of 2008.
- Wage growth has been the missing component of the economic recovery, though the ECI has been steadily rising over the past year and a half.
- The Federal Reserve meets this week and is unlikely to increase interest rates, though the rise in compensation will factor into discussions.
More:
https://www.cnbc.com/amp/2018/07/31/worker-pay-rate-hits-highest-level-since-2008.html
Democrats Are Trying to Fixate on Wages While Ignoring Migrant Labor and Monopolies - If you want wages to rise, fix the immigration issue...
http://911debunkers.blogspot.com/2018/07/democrats-are-trying-to-fixate-on-wages.html
July 26, 2018: President Trump Participates in a Roundtable Discussion on Workforce Development: