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What's the negative catalyst? (EP.291)

Animal Spirits Podcast

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The Disinflationary Labor Market

Matthew Klein on the Disinflationary Labor Market, total weekly wages paid to employees. The number of workers on a payroll times the average work week times the average hourly pay is rising at a rate of less than 4% a year. This is a dramatic deceleration from one of those close to 8% for March to September. People are being swayed by headlines, by Amazon lying people off, by Salesforce lying people off.

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