Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 5, 2022

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Fri Jul 08 20:06:34 +0000 2022

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Paul Krugman @paulkrugman

A brief (?) thread about wages. I keep seeing people citing wage growth over the past year. But that's really unhelpful given that wage growth has clearly been slowing, and what we're interested in is the future (using log changes, if ur wondering). 1/ https://t.co/jm8JuMZdw0 — PolitiTweet.org

Posted July 8, 2022

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Paul Krugman @paulkrugman

Oh yeah, and Ireland's 25 percent growth in 2015, which was all about corporate accounting fictions. So the best bet right now is that the official data are somehow off — although which way is TBD 4/ — PolitiTweet.org

Posted July 8, 2022

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Paul Krugman @paulkrugman

Given normal productivity growth, ~4% wage growth consistent with ~3% underlying inflation. Still above Fed target, but not by all that much 2/ — PolitiTweet.org

Posted July 8, 2022