Wages vs Investment

When you see statements like the following - you are reminded that the investment world is only concerned about itself. Employment is merely a number relative to their ROR, rather than humans creating the prized ROR. Being a business owner, I have an intimate relationship with the numbers and have watched my HR budget shrink as I strive to sate the desires of investment bankers.

Real Time Economics : Economists React: 'Staring Into the Abyss': "Wage gains finally slowing; year-to-year down to a five-month low of 3.6%. Long way to go."

Thought this brings it home:

Although the result was worse than median expectations in our view, markets appear to have been braced for downside surprises (consensus payroll forecasts ranged from -500k to -800k). For the outlook, today’s report makes clear that the recent improvement in consumer spending will be difficult to sustain given the weakness in labor income.

Weakness in labor income indeed.