Discover and read the best of Twitter Threads about #wages

Most recents (24)

As was widely expected, the @federalreserve’s Federal Open Market Committee raised the target range for the Federal Funds #policy rate by 50 basis points (bps), to between 0.75% and 1.0%, and announced the start of #runoff of the central bank’s balance sheet.
As previously suggested by the #Fed’s March minutes, the pace of runoff was confirmed today as $95 billion/month ($60 billion in U.S. #Treasuries and $35 billion in Agency #MBS, with a three-month phase-in period.
Also as expected, the statement reiterated that the #FOMC “anticipates that ongoing increases in the target range will be appropriate,” underscoring the seriousness of #Fed policymakers in getting #inflation and inflation expectations under control.
Read 16 tweets
Want the *honest* state of play on #LevellingUp today?

@NEF’s new report shows a staggering 60% of the country needs to be #LevelledUp, and sets out a 5-point policy shift to really do the job, backed by 6 metro mayors.

Report: neweconomics.org/2022/02/closin…

Key findings 🧵👇🏾

1/15
Widening #inequality between regions is damaging millions of lives and holding the UK back.

Since Dec 2019, real incomes have risen by less than £20 per year in the NE, £80 per year in NW and £90 in Yorkshire and the Humber.

2/15
By contrast, real incomes in London have increased by more than £600 per year and by more than £550 in the SE.

And despite growing inequality, only £36 per person of the Government’s #LevellingUpFund has gone to these areas.

3/15
Read 15 tweets
DoubleLine founder and CEO Jeffrey Gundlach presents:

Just Markets 2022 - I Feel Young Again

Today at 1:15pm PT, register here: event.webcasts.com/starthere.jsp?…

#macro #markets #stocks #FX #bonds #commodities #rates #inflation #Fed #QE #bitcoin

Live recap thread⬇️
Jeffrey Gundlach: 2021 might end up running 7% year on the CPI

#inflation #QE #Powell #fed #hikes #rates
Jeffrey Gundlach: Low interest rates coupled with inflation generating negative interest rate.

#JustMarkets2022 #CPI #QE #Fed
Read 48 tweets
Yesterday's Fed Beige Book commentary on #wages was pretty eye-opening. I'm hearing this daily across housing sector, but definitely spiking across the board.
#Dallas Fed wage commentary
#Atlanta Fed wage commentary
Read 7 tweets
Anyone perusing the top articles of major media outlets last weekend would have read several pieces on the extraordinary #shortages being witnessed in the U.S. #economy today, and particularly those in the #labor market.
The tone of many articles was pessimistic, suggesting that the #supply-side #shortages and dislocations may be systemic, or long-term, but we think there’s evidence that the U.S. #economy will display considerably greater dynamism and resilience than the pessimists believe.
First, it’s vital to recognize that this is a #supply constraint problem, not one of #demand. Indeed, strong demand is being driven by a host of powerful influences: 1) household balance sheets never been cleaner and HH #wealth is $25 trillion greater now than pre-Covid level.
Read 12 tweets
In August we saw #inflation growth moderate further, for the second consecutive month, at least relative to the impressive rate of growth in #prices witnessed around mid-year.
Core #CPI (excluding volatile food and energy components) came in at 0.10% month-over-month and 3.98% year-over-year, which was considerably less than the consensus forecast and was driven higher by #shelter components.
Meanwhile, headline #CPI data printed at a solid 0.27% month-over-month and came in at 5.20% year-over-year.
Read 11 tweets
Inflation data for July moderated somewhat, at least relative to the heady pace of recent months, which should temper #market and policymaker concerns a bit, despite the fact that #inflation will stay sticky-higher for a while and the #risk remains to the high-side.
Core #CPI (excluding volatile food and #energy components) came in at 0.3% month-over-month and 4.3% year-over-year, a bit less than the consensus forecast, and headline CPI data printed at a solid 0.5% month-over-month and came in at 5.4% year-over-year.
While we think that it’s hard to see a case for the recent levels of elevated #inflation turning into “1970s style” runaway price increases, higher #wages and elevated growth for an extended period will allow companies to achieve higher levels of #PricingPower for a time.
Read 7 tweets
What can cause the market to crash 70%+? I've been thinking more and more about this question as almost nobody, except @DaveHcontrarian, thinks it's a possibility.

Important thread⬇️for anyone invested in $BTC $ETH $SPY $QQQ #FANG or any other risk asset.
Let's start off by saying that I am in no way giving advice on what to do to prepare for a potential crash in the markets.

I am only giving my thoughts on what could happen that would lead to a massive correction and how I would not be surprised if it did.
Let's take a step back and look at the current environment:
-> Retail speculation at all time highs, look at any highly leveraged stock with worthless equity and madness going on in #crypto land and #NFTs
-> #liquidity near alltime highs, consumers flush with cash from stimmys
Read 16 tweets
Daily Bookmarks to GAVNet 07/29/2021 greeneracresvaluenetwork.wordpress.com/2021/07/29/dai…
What It Looks Like to Reconnect Black Communities Torn Apart by Highways

bloomberg.com/graphics/2021-…

#history #TransportationPolicies #consequences #BlackNeighborhoods #mapping
The ‘Weirdest’ Matter, Made of Partial Particles, Defies Description

quantamagazine.org/fractons-the-w…

#StateOfMatter #HypotheticalParticles #fractons
Read 8 tweets
Visualización que compara ingresos laborales netos e impuestos entre países de la OECD via @howmuch_net howmuch.net/articles/money… #dataviz #tax #personalfinance #money #wages #USA #jobs
Otra comparativa también de la @OECDeconomy donde se analizan las contribuciones a la seguridad social. Fuente: oecd.org/tax/tax-policy…
Y del mismo informe del tweet anterior, la brecha total de impuestos
Read 5 tweets
Daily Bookmarks to GAVNet 01/06/2021 greeneracresvaluenetwork.wordpress.com/2021/01/06/dai…
A robotic revolution for urban nature

phys.org/news/2021-01-r…

#nature #robotic #revolution
Modern Monetary Theory Gains Traction

spearswms.com/modern-monetar…

#MMT
Read 8 tweets
The turn of the calendar year invites the temptation to prognosticate regarding the course of the year ahead for the #economy and for #markets, and not being immune to that impulse, here are our views on the “11 themes to consider as we look toward 2021:” bit.ly/386mb0r
In preview, one key theme is that 2021’s nominal #GDP growth is likely to surprise many skeptics with its strength. The sources of upside surprise can be found in: 1) the new #fiscal #stimulus combined with structural budget #deficits
And in 2) the @federalreserve’s ongoing asset purchases and 3) the impressive #economic momentum that is still broadly underestimated, as a post-election, and #pandemic-recovering world can catalyze 2020/21’s monetized #stimulus (more than 15% of GDP) into impressive NGDP growth.
Read 10 tweets
#UK #employment no.s show the horrendous cost of #lockdown leapfrog and all the other government stupidity during this pan(dem)ic.
Toll on self-employed getting on for 1 in 10
Total, economy-wide hours worked off 9.1%
1/x

#COVID19(33) #ONS
#private sector #jobs down 422k (-378k ex rail worker shift). Public sector up 143k (+99k ex-rail).

Of the 280k total, 7 out of 8 lost by those starting out in life, 16-24 yo; within which more than 1 in 4 of 16-17 yo jobs gone, "POOF!!"
2/x
#redundancies have more than tripled from 106k to 370k, while #vacancies have fallen from 848k to 547k.

This means that everyone newly #unemployed now has 1.5 openings to chase versus 7.7 a year ago. Good luck with THAT!
3/x
Read 7 tweets
#AmericanWorkers & #UnMatchedMD #MedicalGrads displaced by F1 #OPT/CPT #H1B, #H4EAD, #J1, #L1B, et al need #BernieSandersForLabor.

Bernie Sanders confirms interest in becoming Biden's Labor secretary thehill.com/homenews/senat…
1. #BernieSandersForLabor:
Would @SenSanders continue his #H1B opposition as Secretary Of Labor? Or will he conform to @JoeBiden/@KamalaHarris' anti-#AmericanWorkers/pro-#H1Bvisa platform?

brightworkresearch.com/why-bernie-san…
2. #BernieSandersForLabor:
2015: @SenSanders 'wants to reform the #H1B program, in part, by "substantially" raising prevailing wages.'

Does @BernieSanders now support current @USDOL/@DHSgov #H1Bvisa #wages Interim Final Rule?
computerworld.com/article/300872…
Read 5 tweets
The #deficit #myth #deficitmyth by @StephanieKelton #MMT modern monetary theory
Myth N. 1: The #state should budget like a #household
#RealityCheck : unlike a household, a #SovereignNation, which owns its national #centralbank, issues the #currency it spends
Myth N. 2: #deficit is evidence of #overspending
#RealityCheck: look to #inflation for evidence of over spending
The purpose of #taxes is not to pay for #government expenditures but to help rebalancing the #wealth distribution #MMT
Read 56 tweets
1/ Acknowledging the critical role of #SocialProtection (SP) in preventing people from falling into poverty & food insecurity as a consequence of the #COVID19 crisis, countries in the #MENA region have implemented a variety of SP measures. Image
2/ The Regional UN Issue-Based Coalition on Social Protection (IBC-SP), which includes @iloarabstates, @UNDPArabStates, @UNICEFmena & @UNESCWA, along w/ other #UN agencies, partnered with the @IPC_IG to take stock of the first phase of responses. See bit.ly/30ZNfML.
3/ Certain groups in #MENA are particularly vulnerable: about 2/3 of the pop. work in the #InformalSector, with limited access to SP. #Refugees and #IDPs face overcrowded living conditions and insufficient WASH and health services, many are dependent on UN agencies for SP.
Read 11 tweets
[LIVE ORDER THREAD] #SupremeCourt

The Supreme Court will shortly dictate orders in a batch of petitions challenging the March 29 @HMOIndia notification compelling payment of #wages to workers during the period of #lockdown Employers had urged that "no work no pay" rule apply
The three judge bench of Justices Ashok Bhushan, Sanjay Kishan Kaul and MR Shah had observed in the earlier hearing that since from May 18 wages payment was back to normal, court needs to see if #wages had to be paid for the 54 days from when #Lockdown1 was announced
The petitioners had argued that one way to meet the payment of #wages to employees was by utilizing the ESI funds with the Centre. However AG KK Venugopal had submitted that diversion of ESI funds wasn't usually adhered to.
Read 12 tweets
/// THREAD on Chancellor @RishiSunak's announcement tonight on the future of the income support schemes. 1/
After considerable media speculation, the Chancellor has finally pronounced on the economic future of millions, by detailing the changes to be made to the #JobRetentionScheme (JRS) and the #SelfEmployedIncomeSupportScheme (SEISS). theguardian.com/politics/2020/… 2/
These have been the two most important income support measures in what is likely to be the biggest economic recession in modern history. Both had serious shortcomings from the get-go. 3/
Read 22 tweets
What is to be done about #COVID-19 in #India? "Can we be detached enough to see it as a spectacularly revelatory moment in history? A junction from where we decide which way to go. A moment to pursue debates on #Inequality & #Health Justice."@PSainath_org ruralindiaonline.org/articles/what-… ImageImage
"What to do,#ASHAs survive only on hope,"sighs Uma Patil.Village healthworkers who hold up the nation's primary healthcare system are paid tiny amts,get no benefits & struggle with shortages of supplies & long hrs. Regularise them.Give them protective gear.bit.ly/33Qvf7n ImageImage
The #health & lives of India’s #children, like 5.y.o Kynja are also in the hands of #anganwadi & #MidDayMeal workers. They are already on the frontlines of the battle – they too must be made full #employees, provided proper #wages, given protective gear. bit.ly/2WP2beQ ImageImageImage
Read 8 tweets
As #Myanmar braces for potentially higher number of #COVID19 #coronavirus cases (Total 3 cases now), #Yangon #Garment factory workers stage #protest demanding better wages, overtime pay, better working conditions. #SocialDistancing not priority here (Pics m.facebook.com/story.php?stor…) ImageImageImageImage
Appears another group of #Myanmar #garment factory workers #protesting in #Yangon now demanding for things like better #workerrights, reinstate those fired & over-time pay. Local media reported at least 20 factories have closed due to #COVID19 #coronavirus m.facebook.com/story.php?stor…
Many factories in #Myanmar #Yangon risk shutting due to poor #economic situation/low exports exacerbated by #COVID19 #Coronavirus. Workers have long complained about poor #wages & bad working conditions as many make only 4,800Kyats (US$3.50) min wage daily mmtimes.com/news/myanmar-w…
Read 4 tweets
Let us talk about the #FED #FOMC's 1st #MonetaryPolicy meeting of 2020. Specifically, let us talk about the puzzle that is a flatter #PhillipsCurve...
The #FederalOpenMarketCommittee (#FOMC) of the #FederalReserveBank (#FED) of the #US concluded its 1st meeting of 2020 on the 29th January 2020. As expected, the FED did not change rates but left the #KeyPolicyRate, the #FederalFundsRate (#FFR) in the 1.5%-1.75% range...
Indeed, if one considers the #FED #Dotplot of December 2019, the decision to keep rates unchanged would not come as a surprise. What I wanted to focus on today is some key passages in the statement, highlighted in yellow in the screenshot below...its all #PhillipsCurve...
Read 17 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!