Where’s Your Raise? It Should Be Coming Pressures for bigger pay increases are building, but have yet to show up in the data. Bloomberg, July 11, 2018 During the past few years, I have written that I expected wages would begin to rise. They have, at least on a nominal basis, or… Read More The post When Will Wage Growth Begin in Earnest ? appeared first on The Big Picture.
I am all about employment and wages this week: click for ginormous graphic Source: How Much These are the top ten countries among the OECD with the highest household wealth, together with the average disposable income. 1. United States: $176,076 with $44,049 in disposable income 2. Switzerland: $128,415 with $36,378 in disposable income… Read More The post Countries with the Highest Household Wealth appeared first on The Big Picture.
Household Net Worth, June 2018 click for ginormous chart Source: Financial Accounts of the United States – Z.1 Fed Z1: The net worth of households and nonprofits rose to $100.8 trillion during the first quarter of 2018. The value of directly and indirectly held corporate equities decreased $0.4 trillion and the value of real estate… Read More The post Household Wealth = $100.8 Trillion Dollars appeared first on The Big Picture.
Source: New York Times While researching No, Your iPhone Does Not Make You Wealthy, I found this really interesting chart (above). It shows how much global economic growth has fallen to each income group. It is sliced (stratified is the technical term) a mere 1% at a time. I guess we should not be too… Read More The post Income Growth: 1980 to 2016 appeared first on The Big Picture.
Source: The Upshot From Upshot: the underlying conflict between public school employees and policymakers has roots in decisions made during the last recession, when states and local districts short of cash curtailed education spending for the first time in decades. This had a pronounced effect on school staffing, with layoffs hitting many states. Districts… Read More The post Why Teachers Are in Revolt appeared first on The Big Picture.
Very interesting assembly of data art the WSJ looking at CEOs and Employee pay, and other related data. The Journal analyzes the most recent full year data (2017) for the pay for S&P 500 companies: “Median pay reached $12.1 million for CEOs of the biggest U.S. companies in 2017, a new post-recession high, as profits and… Read More The post CEO Comp and Shareholder Returns appeared first on The Big Picture.
How Much Income You Need to Afford the Average Home in Every State in 2018 Source: How Much Yesterday, I discussed how much retail has changed. In particular, I noted how decades of wage stagnation made middle income consumers (and below) especially price sensitive. The results of this: “To me, price sensitivity is… Read More The post Income Required to Purchase a House appeared first on The Big Picture.
The post The Distributional Effects of Minimum Wages: Evidence from Linked Survey and Administrative Data appeared first on The Big Picture.
Despite all-time highs in stock and home prices, household net worth is down — except for the Top 10% Source: Deutsche Bank Research If you want a better understanding of the current age of Pseudo-Popularism and all of its discontents, you could do much worse than this simple chart above. From Torsten Sløk: One important… Read More The post Household Net Worth is Down, except for Top 10% appeared first on The Big Picture.
On average, woman earn less, and in some cases substantially less, than men doing in the same job. That is changing. In some rare workplaces, the gap has shrunk to effectively zero. Kathy Fisher, head of wealth and investment strategies at Alliance Bernstein, discusses the pay differential for women in finance, and why it has… Read More The post MIB: Wall Street’s Shrinking Gender Pay Gap appeared first on The Big Picture.
CEO Pay Rewards What Was Going to Happen Anyway Shares rise — and fall — almost regardless of the actions of top executives. Bloomberg, March 8, 2018 Compensation in all its excesses for top corporate executives is a hardy perennial for astonishment, outrage and fruitless demands for reform. I have said more than once… Read More The post A Closer Look at CEO Pay appeared first on The Big Picture.
click for ginormous graphic Source: Bloomberg This is quite intriguing: What does it take to get into the 1 percent? The price of admission is an adjusted gross income — basically, what you make before deductions — of $480,930. That’s according to the latest Winter 2018 edition of the Internal Revenue Service’s Statistics of Income Bulletin,… Read More The post Top 1% = $480,930 (AGI) appeared first on The Big Picture.
Source: AEI I have shown versions of this chart before (see this and this) but the update is worth reviewing given that some people have been blaming inflation generally and rising wages in particular for the recent increase in market volatility. It is notable that the two big outliers to the upside are… Read More The post Price changes 1997 to 2017 appeared first on The Big Picture.
When Republicans handed out large tax cuts to corporations, most economists rejected lawmakers’ claims that the benefits would trickle down to working Americans. So why do many companies seem to be giving their employees more money? Guests: Jim Tankersley, who covers taxes and the economy for The New York Times; Wes Carter, the president of… Read More The post Tax Cuts and the Economy appeared first on The Big Picture.
Shocking: You might think that the kind of extreme poverty that would concern a global organization like the United Nations has long vanished in this country. Yet the special rapporteur on extreme poverty and human rights, Philip Alston, recently made and reported on an investigative tour of the United States. Surely no one in the United States… Read More The post Deep Poverty In The U.S. appeared first on The Big Picture.
From Torsten Slok: S&P500 and home prices are at record highs, and the unemployment rate is at the lowest level since 2000. But on some measures inequality in the United States has never been worse, see also here and charts inserted below. This development, combined with associated populism, could over the coming years become the most important… Read More The post US inequality chart book appeared first on The Big Picture.