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Home Prices In 80% Of US Cities Grow Twice Faster Than Wages... And Then There's Seattle

Home Prices In 80% Of US Cities Grow Twice Faster Than Wages... And Then There's Seattle

According to the latest BLS data, average hourly wages for all US workers rose 2.5% relative to the previous year, well below the Fed's "target" of 3.5-4.5%, as countless economists are unable to explain how 4.3% unemployment, and "no slack" in the economy fails to boost wage growth. Another problem with tepid wage growth, in addition to crush the Fed's credibility, is that it keeps a lid on how much general price levels can rise by.

Damore's Revenge: Google Faces Growing Legal Threats As Other Googlers Come Forward

Damore's Revenge: Google Faces Growing Legal Threats As Other Googlers Come Forward

James Damore gained instant fame earlier this month when he was fired for "un-Googly conduct" after publishing a paper on an employee chat board suggesting that men may be better equipped biologically for engineering jobs than women.  Apparently science is embraced by the Left when discussing climate change but not so much when it's used to suggest that anatomy might just be coded in a person's DNA rather than being a personal choice that each millennial can make, and change, on a whim.

Fidelity Says Baby Boomers Haven't Even Saved Enough To Cover Their Healthcare In Retirement

Fidelity Says Baby Boomers Haven't Even Saved Enough To Cover Their Healthcare In Retirement

While statistics are somewhat sketchy on the topic, most research suggests that the average retirement-age household has managed to set aside roughly $200,000-$250,000 for their golden years.  Unfortunately, they'll need more than that just to cover their healthcare costs.  Per Bloomberg notes today, the average 65-year-old couple will need roughly $275,000 to cover their healthcare costs during retirement...and that's with Medicare.

Dallas Fed's Kaplan Says America Needs More Immigrants to Fill 'Skills Gap'

Dallas Fed's Kaplan Says America Needs More Immigrants to Fill 'Skills Gap'

Content originally published at iBankCoin.com

 

According to Dallas Fed's Kaplan, America has an over abundance of jobs and needs to attract wanton amount of migrants in order to fill the insatiable demand for cheap labor, aka 'skills gap.'

While on one hand, Kaplan ceded to the notion that globalization was a primary reason for price deflation and stagnant growth, he also blamed America's aging demographics for lackluster growth.

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