Re:Workers Are Getting a Bit More of the Economic Pie (and S...
by 6stringmerc on Tuesday May 03, 2016 @03:22PM
(#11623463)
>The evidence available so far in 2016 — steady growth in wages and weak earnings for publicly traded companies — suggests that the reversal is continuing this year.
...uhh...the evidence of weak earnings while equities continue to go up, buoyed by systemic cash-infusions by several central banks (Fed, EU, BoJ), shows the entire system is broken. I wonder what the chart would look like between corporate expenditures on payroll vs. stock buybacks since 2008. Just a hunch, but I'd guess percentage wise the investor class is doing just effin' peachy in these conditions.
Okay, I found a few numbers to kick around.
Here's one little tidbit from the article:
>For example, average hourly earnings for nonmanagerial private sector workers rose 2.56 percent in 2015 in a year of very low inflation
...and for contrast, the amount of capital deployed in buyback programs recently:
>S&P showed more data signaling that S&P 500 index members increased their buyback totals by 16.3% to $553.3 billion in 2014, versus $475.6 billion in 2013.
...uhh...the evidence of weak earnings while equities continue to go up, buoyed by systemic cash-infusions by several central banks (Fed, EU, BoJ), shows the entire system is broken. I wonder what the chart would look like between corporate expenditures on payroll vs. stock buybacks since 2008. Just a hunch, but I'd guess percentage wise the investor class is doing just effin' peachy in these conditions.
Okay, I found a few numbers to kick around.
Here's one little tidbit from the article:
>For example, average hourly earnings for nonmanagerial private sector workers rose 2.56 percent in 2015 in a year of very low inflation
...and for contrast, the amount of capital deployed in buyback programs recently:
>S&P showed more data signaling that S&P 500 index members increased their buyback totals by 16.3% to $553.3 billion in 2014, versus $475.6 billion in 2013.
Hm.