Gluskin Sheff’s David Rosenberg:
The Fed’s Beige Book contained no fewer than two dozen references to wage pressures and skilled job shortages and in sectors that cover around 40 million workers. I realise the average hourly and weekly earnings data from the non farm payroll survey are tepid but a big disconnect seems to have emerged between those measures and the broad wage/salary growth numbers out of the National Accounts data……
Read more at ROSENBERG: There Are More Signs Of Wage Inflation Becoming A Reality | Business Insider.