I’m travelling today, so light posting.
But check out this fascinating chart regarding Capacity Utiliatization Rates, via Chart of the Day:
"While the Asian economic boom has pushed up commodity prices, those increases have yet to translate across the board since low cost Asian labor in conjunction with artificially low Asian currency exchange rates have made it difficult for US workers to compete. A low capacity utilization rate suggests that labor is not yet in a strong position to demand higher wages and when it comes to inflation, labor costs tend to play a more significant role than commodities. Today’s chart illustrates that a below average capacity utilization rate has tended to coincide with a declining core inflation rate."
Kinda clarifies why private sector job creation has been so anemic . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.