Government Expenditures vs. Wages

The following chart shows government total expenditures divided by wage and salary accruals.


Click to enlarge.

The future's so bright I gotta wear rose-colored trend channels.

In all seriousness, I believe with every fiber of my being that we will someday return to the red trend channel. The Great Recession got us there last time. I wonder what we'll call the next one.

Source Data:
St. Louis Fed: Custom Chart