Keep in mind that wages of high school grads, etc. are rising only slightly more than those of folks higher up on the food chain, and that this new trend has not been going on for very long.
For my part, I that the Fed will succumb to pressure to clamp down on this, regardless whether doing so makes sense from a social contract standpoint.
Keep in mind that wages of high school grads, etc. are rising only slightly more than those of folks higher up on the food chain, and that this new trend has not been going on for very long.
For my part, I that the Fed will succumb to pressure to clamp down on this, regardless whether doing so makes sense from a social contract standpoint.
Nicely analyzed.