Chief economic adviser at Allianz points to slowing US wage growth, widening inequality | investingLive
The Financial Times is gated, so its always interesting getting a glimpse behind the curtian.
Mohamed El-Erian, chief economic adviser at Allianz tweeted on his concerns over wage disparities in the US:
The wage growth lines are pointing down for all but the top quartile. If there is a silver lining from this it’ll be lower inflationary pressures. Those seeing their wages slashed probably have concerns other than macro economic impacts I guess.