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It’s an old fashioned sports league lock out. Players salaries too high in fed’s opinion. Labor’s cut approaching 60%[1]. I think the owners prefer it at 50%
by naveen99 4y ago
It’s an old fashioned sports league lock out. Players salaries too high in fed’s opinion. Labor’s cut approaching 60%[1]. I think the owners prefer it at 50% if not lower.
1. https://fred.stlouisfed.org/series/LABSHPUSA156NRUG https://fred.stlouisfed.org/series/LABSHPUSA156NRUG
- dan-robertson 4y agoSeems like a weird theory considering the history of that graph over the last 70 years. Not really much variation considering how much the US economy has changed.
- naveen99 4y agoLet’s review in jan 2022 when this year’s numbers come out. I bet we are close to 65%.
- dan-robertson 4y agoI don’t get it? In the grandparent comment you said the number would be pushed lower. But now you’re claiming it will actually be higher. Or maybe that it just won’t change much?
- naveen99 4y agoFed will want to push it back lower. Due to extremely low unemployment, it has been pushed up. they don’t update it often enough. Will probably show up in Jan 2022, then down in 23 / beyond if recesssion.