Economist’s View: “First Look at US Pay Data, It’s Awful”
The median paycheck — half made more, half less — fell again in 2010, down 1.2 percent to $26,364. That works out to $507 a week, the lowest level, after adjusting for inflation, since 1999.
A VERY Scary Chart
I had gotten away from posting Scary Charts. There were just too many to pick from. But when I came across this graphic, well I just had to post it.EconomPic: The Evolution of Food Consumption
While not a surprise, this is rather concerning. I recently outlined that bottom earners have been earning less for the better part of the past 15+ years and it looks like it may be actually impacting the dietary habits of Americans (i.e. eating less [unlikely] or eating cheap / unhealthy food [likely]).
The crossover point in 1999-2000 is what fascinates me.
I was relaxing, catching up with the news when I realized I hadn’t posted a Scary Chart in quite some time. Then, I saw this chart. The quote above is from the author of the chart, not me. Interesting, eh?Dani Rodrik’s weblog: The great divergence, the other way around
Dani Rodrik’s weblog: Will the divergence in growth result in eventual convergence in incomes?
Dani Rodrik, Professor of International Political Economy at Harvard University, is the author of The Globalization Paradox: Democracy and the Future of the World Economy. HT to Mark Thoma at his blog Economist’s View.
I have no further comment on this topic because there is a lot to think about here.
Case-Shiller: Current Slump in US Housing Market Worse Than Great Depression
No scary chart needed for this awful number.
Tracking Suspiciously Explosive Market Growth — New York Magazine
HT Tadas Viskanta at Abnormal Returns. Go to the original article for your Scary Chart of Bubbles.
Calculated Risk: Summary for Week ending January 8th
Job creation poor, participation rate down, YES unemployment is down!
I sincerely hope my readers continue on to read the source articles of my posts. I always credit my sources and thank them all for providing content.
I do claim credit for the persnickety comments.
EconomPic: An Employment Report We’ve Been Waiting For
I hope some underwriters are in those December statistics
This is scary if you think about it enough.
I debated whether or not this chart deserved to be a scary chart. Obviously I decided it was scary enough. Despite the lower cost of some stuff, deflation overall is not a good thing.
Economist’s View: FRBSF: Disinflation – It’s Not Just Housing
Lost Decade for American Income – WSJ.com
For your Scary Charts check out the article link below.
Or see what Yves Smith is writing about real estate.
EconomPic: Productivity Down… Is this Finally the Employment Bottom?
Click through and read the article. There is an interesting series of charts on productivity.
This chart may not be as scary as you might think.
Scary or Not Scary?
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