2min chapter

Animal Spirits Podcast cover image

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

Animal Spirits Podcast

CHAPTER

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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