Monday, March 19, 2012

Labor vs. Capital

Click to enlarge.

It's not looking too good for labor, but we kind of already knew that.

Let's just say that we should probably try to stop moving to the right on the orange trend line at some point.

I'm glad I'm not in charge of fixing it. I don't have that kind of power over time and space.

Hey, if I've got that kind of power over time and space, what the hell am I doing here talking to a loser like you at three in the morning!

Source Data:
St. Louis Fed: Average Hourly Earnings of Production and Nonsupervisory Employees: Total Private
St. Louis Fed: Producer Price Index: Finished Goods

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