Growth in America: Careful now

Posted: April 9, 2015 in economy
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Growth in America


Unless wages grow, America’s economic blip could become a trend



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THE people of Royersford are feeling pinched. In the Main Street Café, in the town centre, a man complains that his pension payments will soon be frozen. Sheena, a waitress, says business is brisk, but rues the “teeny tiny” pay rises she and her friends have received. The worries of those in this Pennsylvanian borough are familiar across America. Although it has chugged along far better than other rich countries, the world’s largest economy still fails to instil confidence in its workers. Add to this sour economic data from the beginning of 2015, and some question the strength of the American recovery. Wages hold the answer.
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via Economic Crisis


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