Home > Uncategorized > Mark Thoma – Will the US Follow Japan?

Mark Thoma – Will the US Follow Japan?

From Economist’s View:

Will the US Follow Japan?

Via Tom Keene, here’s a chart showing “deflation adjusted” real wages for Japan. The US has followed Japan in other ways, will real wages in the US do the same?:

Japan-Real-Wages
This is a killer chart of Chairman Bernanke’s worst nightmare. Well, at least one of them, vintage 2003. This is deflation-adjusted real wages for Japan. … The real Japanese wage has tanked 6.5% or so in a decade-plus.

Unless labor markets pick up soon, and most forecasts are for just the opposite — a very slow recovery for employment — this is something to worry about. [Also posted at MoneyWatch.]

Advertisements
Categories: Uncategorized Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: