Important point: Wage growth is at a 9-year high. But corporate profits are at an all-time high.
The reality is workers are still getting a small share of corporate income. We aren't seeing any signs that's changing, even in this strong economyhttps://t.co/iIPAEDvl6h #jobs pic.twitter.com/Y48sxkADJ6
— Heather Long (@byHeatherLong) November 2, 2018
earlier this week:
U.S. workers are seeing the fastest wage increases in a decade.
Today's Employment Cost Index showed wages & salaries growing at 2.9%, the best in 10 years.
Friday's jobs report is likely to show wage growth over 3% for the 1st time since April 2009.https://t.co/odMblynqUM— Heather Long (@byHeatherLong) October 31, 2018
• Good news: Non-college grad workers getting more job offers
• Bad news: Offers don't include salary bumps
• Question: If competition for workers is rising, why aren’t wages rising…yet? @gizemkosar @NewYorkFed @andrewvandam @wonkbloghttps://t.co/qgBKaBkboi #futureofwork pic.twitter.com/LjOXRTO3wv— Byron Auguste (@byron_auguste) October 17, 2018
Sad! 