Goldbug wrote:
FrankN wrote:
That is absolutely true we need wage growth on an aggregate basis with no impact on unemployment.
Personally I'd like to see unemployment stable or reducing, and an increase in wages. There's a nasty debt cycle going on at the moment, and a disturbing growth in consumer borrowing despite the Fed's rise in rates in 2016. I'd prefer to see people able to pay off debts and pay cash for purchases, or when the interest rates rise again there's going to be a lot of bankruptcies.
I totally agree! Don't forget that in the debt cycle, if salaries go up, the price of goods will rise as well. Can't have one without the other. And, companies are hiring more part time workers now rather than full time so they don't have to pay benefits. But that's a whole other conversation.