The Bifurcation in Wage Growth

Bonnawan: The bifurcation that's being brought up right now by Jeff, it's happening. And every time I talk about wage numbers and jobs numbers and layoffs and that sort of thing, people respond to me on social media, on Twitter, everything. You know where there aren't job losses right now? Industrial manufacturing, those parts of the economy. Bonnawan: Can you really call it a large scale job decline, layoff type market if it's concentrated in technology, thousands at a time; but manufacturing and industrial activity is still kind of solid and people are still working. So, I think those two things can coexist.