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Epsilon Theory on Tape: The Icarus Moment

Epsilon Theory Podcast

CHAPTER

What's Going on With the Hourly Wage?

Annual wage growth for january, the february second announcement was two point eight %. And the annual wage growth for febFebruary, the march ninth announcement, was two point nine%. That's not at all what we were told. It's not quite as hot for january and it's certainly not a goldilocks for feb February. What's going on? As far back as i can trace, the theatre of b l s reports isn't the apples to apples comparison of weekly wages. Instead, it's hourly wages. Why? Because back in 19 15, this is how most people got paid. The abstracted idea of our wages connects with people more than

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