Andreas Steno Larsen’s Post

📈 Over the past decade, wage growth in the United States has averaged 3.1%. 🚨 When adjusted for inflation—a measure that accounts for changes in the cost of living—the real growth rate drops significantly to just 0.5%. 📊 SmrtSpending uses advanced analytics to provide accurate projections of wage growth, taking into account variables such as location, industry trends, profession, education, and more. 💬 Let us know your thoughts on earnings growth in the comments! #personalfinancialmanagement #financialdecisionmaking #financialeducation #personalfinance #budgeting #retirementplanning #finance #technology #innovation #entrepreneurship

Current US wage gains and strong payroll data supports a cautious FED and 4 cuts this year to create a real soft landing. If wage growth is between 4-4,5 percent and long term labour productivity growth is around 2 (with AI it will be a bit higher)then core inflation should oscillate between 2-2,5 percent in case of neutral fiscal policy( we do not have). I m still in the 4,25 FED funds rate camp at year end. Further out I m more cautious. Today data blows away March cut, but not May.

[idea] tools to generate useful data, eg Citizen Wellbeing Index == wage growth - tax burden growth - inflation rate CWI = 3.9% - 2.5% - 1% = 0.4% approx +$200 next year for an average wage earner

Effectively a wage cut!! If you earn the same amount annually this year as you did 3 years ago you are therefore able to so spent 60% less now, than you were 3 years ago. This feels like a wage cut right?! But what are you doing about it? I am in this situation, this is me! But I am making moves to improve the future situation for myself and my family as they feel it too. I want to be the YES MUM, who can say yes without having to think can I afford that? What are you doing to prepare if things get worse? If inflation rises. If things get more expensive. Costs have doubled but what if they triple? Do you have enough left over. Let me know with a 🙌🏻 if you want to have a plan moving forwards. #plan #future #inflation #preparation

Are we about to see the highest wage growth in history over the next 10 years? In July, we saw a 4.7% annual increase in wages. - Grocery bills are up - Rent is up - Home prices are up EVERYTHING IS UP. But, that's not news. The issue is that wages aren't up. We are living in the most unaffordable time in history. Are we going to fix it by lowering the cost of everything? I doubt it. That won't make investors returns. My thoughts? Massive wage growth.

Today's Market Update: Stronger Wage Growth Supports Caution in Cutting Rates Amidst the dynamic landscape of financial markets, today's headline focuses on the notable uptick in wage growth. As wages show signs of strengthening, it's fuelling discussions around the cautious approach towards potential rate cuts. Looking to stay ahead of the curve with timely market insights like these? Please reach out to sign up for our daily market news. Stay empowered when it comes to your international payments. 💡🌍

Discover how your wage stacks up on a global scale with CNN's interactive calculator. Find out where you stand in the world's economy today. https://lnkd.in/giccZUxq #GlobalEconomy #WageComparison

🚀 The stark reality of wage growth in the U.S.: Since 1979, the top 10% of earners have seen their real wages soar by 46.2%, while the bottom 10% experienced just a 17% increase. This widening gap highlights income inequality, driven by complex factors like tax policies and diminishing worker bargaining power. It's a vivid reminder of the economic shifts shaping our society — and the urgent need for innovative solutions to bridge this divide.

The annual wage price index grew 0.9 percent YOY to the December Quarter 2023 seasonally adjusted.  There is speculation that with increasing wage pressures on inflation along with Food, Beverage and tobacco; Fuel and the service sector that the next move by the #ReserveBank  in March may be an increase in the interest rate rather than the speculation last year of two to four downward revisions  The treasurer states that real wage rises are now moving in this economy after less than optimal before the changes in Industrial Relations which have helped wages to grow.  Real wage growth in a sustainable way more wages in the hands of taxpayers with tax cuts on the 30 July, with the stage three tax cuts already passed in the Parliament.  Other cost of living measures cheeper child care, child care and health care. 

Wage inflation will continue growing through 2030! Here is an interesting projection I heard yesterday from our friends at ITR Economics & Vistage Worldwide, Inc. -> Median wages in the US are expected to go up by 28% between now & 2030. The visual below shows the 12/12 wage rates-of-change per state to date. You can see some states will be more impacted than others. The moral of the story, if you are a leader or owner in a business & one of your main inputs to your product or service is labor, NOW is the time to make investments to ensure you can mitigate these future expenses. There is no better time to invest in technology that helps you get more work done with less people... I am looking at you Vsimple! #WageInflation #BusinessLeadership #EconomicTrends #VsimpleLife