Friday, March 7, 2014
Jonathan hilights the wage deflation issue.
I have been saying for several years that the game changer would be soon and then, from 2008, I have been saying we are seeing the game changing. This is yet more evidence that whatever those above the age of 50 or so experienced for Ã¢Â€Â˜everÃ¢Â€Â™ from the 70s through to the 2000s is over and Ã¢Â€Â“ ever so gradually Ã¢Â€Â“ reversing. Whatever the baby boomers experienced is NOT what their kids are experiencing or will experience. I think this chart is so crucial to the potentially Ã¢Â€Â˜moving-into-a-depressionÃ¢Â€Â™ thesis.