The Wage Growth Number Is Everything for the Markets to Day

On friday february second, the b l s reported a january wage growth number of two point nine %. The following week, markets sold off as hard as they have in years because it seemed central bankers were now terribly behind the curve when it comes to inflation. What if i told you that both of these wage growth numbers were misleading abstractions of what they claimed to be? Here's what i'm talking about.