Saturday, December 6, 2014

Stagnant Wages

This chart shows average earnings (Middle Quintile) over time. Wages are going up. But, there is a lot of inequality because wages increase faster at higher levels of income.

Wages are stagnant for low wage earners but wages are growing for higher wage earners. The difference between low wages and higher wages is often higher education.




Friday, December 5, 2014

The Illusion Of Full Employment And Technology

Reposted By Lance Roberts
The increasing use of technology to replace human capital is a trend that will not reverse anytime soon and will continue to proliferate areas where unskilled, repetitive labor can be automated. This is the risk that fast food workers take by lobbying for higher wages; an ordering kiosk can be quickly employed to take orders and deliver those to an automated production line. Or better yet, why not allow customers to simply place orders on the way to the restaurant through an "app." The next time you go out take a moment to realize the impact of technology on everything you do. Also, notice how many individuals have their faces stuck into their phones being truly unproductive.

Thursday, December 4, 2014

A Hypothetical Investment In Wages

TuitionCoin is based on educated wages. Here is how an investment in wages would have performed in the past. This would be based on a 0% interest rate. Actual returns would be higher if the investment had an interest rate.