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Marketwatch brings good news for the USA: American workers are finally reaping the benefits of the lowest unemployment rate and best jobs market in decades: Wages and benefits are rising at the fastest pace in a decade. Firms have sought to fill openings by offering better benefits such as more vacation time or flexible hours. When push comes to shove, they are offering higher pay. While bigger paychecks are great for workers, the US Federal Reserve is watching closely to see if rising compensation is stoking inflation. The Federal Reserve could increase U.S. interest rates if it becomes a big worry, but so far inflation remains relatively mild.
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Wages and Benefits are Rising at the Fastest Pace in a Decade
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(Score: 2) by All Your Lawn Are Belong To Us on Tuesday August 07 2018, @02:12PM
Inflation has been climbing steadily over the last two years. While post-corrections will certainly occur, it's been nothing but increased rate of inflationary growth over the same period.
So even if the wages and benefits are being put straight into the pockets of the workers, it's being sucked up by inflation faster than it has grown. And it is disingenous to say "see if rising compensation is stoking inflation." Inflation is increasing, whether it is caused by rising compensation or not. And even though it is mild (2.5% isn't horrid), it is moving right along with those "fastest pace" wages and benefits numbers.
This sig for rent.