The following chart shows the 1-year moving average of real compensation per hour in the nonfarm business sector.
Click to enlarge.
Should the trend hold, we're roughly 10% off the ultimate peak.
Source Data:
St. Louis Fed: Nonfarm Business Sector: Real Compensation Per Hour
bonus points for the excellent reference to the conchords . . .
ReplyDeleteTroy,
ReplyDeleteBonus points accepted! :)