Posts filed under “Wages & Income”

JOLTS: 7 Applicants Per Job Opening

At this morning’s conference, someone asked a question about Wages, and I was reminded of this chart.


click for larger chart

via David A. Rosenberg & Gluskin Sheff


With that sort of ratio, upwards Wage pressure is likely to be non-existent (exceot for specific skillsets . . .

Dave adds:

As the chart shows, there are now almost seven people in the total pool of available labor competing for every job opening out there. Here we are celebrating the second anniversary of this statistical recovery and this ratio is still double the historical norm. Since every market, including labor, will inevitably clear at a given price, the price of this particular market, called wages, can be expected to deflate going forward given this enormous imbalance between supply and demand.

Category: Wages & Income

Hours of Labor Required to Buy One Unit of Gold or Oil

These three charts are pretty cool (courtesy of The Chart Store) — they show many hours you need to work in order to buy one unit of each of these — Oil, Gold and the4 CRB Commodities Index. This introduces another element to commodity pricing — relative wage gains. > click for larger charts

Category: Commodities, Gold & Precious Metals, Wages & Income

World Top Incomes Database

> The chart above shows how far things have moved off their traditional ratios in terms of US incomes. The top 1% are earning more income, and keeping more of it, than anytime since the roaring 1920s. This fascinating set of data points via the Paris School of Economics (referred to us by Invictus!). You…Read More

Category: Digital Media, Wages & Income

US Personal Income, 1969-2009

From Fast Company, the last of our NFP/Wages graphics: > click for larger graphic > BLS releases NFP report is tomorrow at 8:30 am

Category: Digital Media, Wages & Income

Comparing Wages Across the U.S.

Click for interactive map > NFP week continues here at TBP. Our latest chart p0rn: This WSJ interactive map of wage growth (or the lack thereof) across the US of A > Source: Comparing Wages Across the U.S. Sara Murray WSJ, May 25, 2011

Category: Economy, Wages & Income

Fade the Inflation Hysteria

Tons of talk and pixels being spilled over the imminent inflation threat.  It bears an eerie resemblance to what we heard from the likes of Jerry Bowyer and Art Laffer two years ago.  I’d fade it now, exactly as I suggested back then (here and here, the latter piece co-authored with Bonddad): Exhibit A —…Read More

Category: Commodities, Current Affairs, Cycles, Data Analysis, Economy, Inflation, Markets, Research, Wages & Income

The Pay at the Top

Following our QOTD is this interactive graphic from the Sunday NYT showing the relative compensation of 200 chief executives: > click for interactive graphic > Source: The Drought Is Over (at Least for C.E.O.’s) DANIEL COSTELLO NYT, April 9, 2011

Category: Corporate Management, Wages & Income

Ryan v Obama: Some Chart Porn

UPDATE DEUX: Heritage has now revised its numbers — see post above at 18:13 Eastern. UPDATE: Apparently, in one document that can be found here, Heritage has simply disappeared the line item in which the unemployment rate falls to 2.8 percent by 2021.  The document states: “Updated as of April 6, 2011 at 11:04 a.m. EST,”…Read More

Category: Current Affairs, Data Analysis, Economy, Employment, Politics, Taxes and Policy, Wages & Income

Income vs Education

Via Good, comes this graphic looking at the relationship between education and income: > click for larger graphic

Category: Digital Media, Wages & Income

Putting an end to Wall Street’s ‘I’ll be gone, you’ll be gone’ bonuses By Barry Ritholtz Washington Post Saturday, March 12, 2011; 6:08 PM > Want to reform Wall Street bonuses? Try clawbacks. That’s right. We need to make executives personally liable for their reckless bets if we want to remove the risk for taxpayers….Read More

Category: Bailouts, Legal, Wages & Income