Posts filed under “Wages & Income”
Higher Education, Wages, and Polarization Rob Valletta FRBSF, January 12, 2015 The earnings gap between people with a college degree and those with no education beyond high school has been growing since the late 1970s. Since 2000, however, the gap has grown more for those who have earned a post-graduate degree as well….Read More
From Torsten Slok, Deutsche Bank: The next ECI will be released on Jan 30 and the NFIB data that just came out points to more upward pressure, see chart below. Also, remember that the wage data used in the Fed’s FRBUS model of the US economy is the employment cost index and not average hourly…Read More
Why Is Wage Growth So Slow? Mary C. Daly and Bart Hobijn FRBSF, January 5, 2015 Despite considerable improvement in the labor market, growth in wages continues to be disappointing. One reason is that many firms were unable to reduce wages during the recession, and they must now work off a stockpile of…Read More
“The Plutonomy is here, is going to get stronger, its membership swelling. Toys for the wealthy have pricing power, and staying power.” -Ajay Kapur, global strategist at Citigroup Today is the 8th anniversary of a fascinating set of observations via Robert Frank in the Wall Street Journal on income inequality. 8 years ago,…Read More
Congratulations! You just signed a $325 million deal. Now what? Barry Ritholtz Washington Post November 23, 2014 Last week, we learned that Giancarlo Stanton signed an enormous contract: a 13-year, $325 million deal with the Miami Marlins. Before the 25-year-old slugger starts to celebrate, there are quite a few things he needs…Read More
Pimco paid its former CEO Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies. Bloomberg’s Bloomberg View Columnist Barry Ritholtz speaks on “Bloomberg Surveillance.” His opinions are his own.
Source: Bloomberg, Nov. 14 2014