A lot of us came out early in 2013 and tried to tell the public and the government that they had to get wages up … And the government tried. It didn’t happen. So of course things are worse than they would have been if they had … There has to be renewed pressure on corporate Japan to give decent wage increases in the next year.
(via Thoma)
Jens Ulbrich, the Bundesbank’s chief economist, told Spiegel, a German weekly, that recently agreed pay rises of more than 3 per cent were welcome, despite being above the European Central Bank’s inflation target of below but close to 2 per cent.
In an article published on Sunday, Mr Ulbrich said that recent wage trends were “moderate” given Germany’s relative economic strength and low levels of unemployment. His comments echo the views of Jens Weidmann, Bundesbank president, according to a senior central bank official.Janet Yellen: The Sixteen Trillion Dollar Woman
"I'd like to see real wages going up," Yellen says, adding that the average American male worker's inflation-adjusted wages have been flat or down for the past 20 years."
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