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Boone Co. Iowa | John,
Cut and pasted from the article...
There's a major problem for the Fed in this number, however, in that if it's not "cooked" but represents real job conditions then the lower-end of the economy, which is where virtually all the jobs have been created since 2009 is going to start experiencing very severe forward wage pressure in the near future. They're way behind the curve and this is exactly what a number of people have warned out with the ridiculous ZIRP policies that have been adopted and maintained since the crash.
Doesn't very severe forward wage pressure in near future mean that everyone is going to get a raise? I guess I see that as a good thing, as far as being a person who produces commodities. I would think that it would eventually strengthen demand.
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The Dolla
