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Ep. 451: If Wages Are Growing Faster Than Inflation, Why Is The Economy Slowing?
Wages as measured in today’s ADP report are growing faster than inflation as measured by CPI. So why is the economy slowing? The answer is because CPI is understated.
Today’s TEK2day article: https://open.substack.com/pub/tek2day/p/bad-economic-news-continues-to-be?r=1rp1p&utm_campaign=post&utm_medium=web
Today’s ADP release: https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-103-000-jobs-in-november-annual-pay-was-up-5-6-302007536.html
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By TEK2day
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Wages as measured in today’s ADP report are growing faster than inflation as measured by CPI. So why is the economy slowing? The answer is because CPI is understated.
Today’s TEK2day article: https://open.substack.com/pub/tek2day/p/bad-economic-news-continues-to-be?r=1rp1p&utm_campaign=post&utm_medium=web
Today’s ADP release: https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-103-000-jobs-in-november-annual-pay-was-up-5-6-302007536.html