Friday, March 10, 2017

More Jobs With Bad Wages

This should be the slogan of the Trump economy - "more jobs with bad wages":

The US labor market data are not bad, but they are also no cause for euphoria. Americans are getting new jobs, but they are still badly paid. However, the figures are likely to be sufficient for the next interest rate step.

You can read the rest @
https://deutsche-wirtschafts-nachrichten.de/2017/03/10/us-arbeitsmarkt-mehr-jobs-mit-schlechten-loehnen/ [translation required]

And following the AI/robotics revolution, it will be "you don't need no stinking jobs".

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