Wages vs. Personal Consumption Expenditures

The following chart shows wages and salary accruals divided by personal consumption expenditures.


Click to enlarge.

This truly is a typical post-recession recovery! Note the lack of anything significant happening to the upside again.

I probably should have put quote marks around the word recovery to imply sarcasm.

If the overall downward trend in this chart is a good thing, then we clearly need more recessions. That's pretty much when the perma-drop (a drop with no recovery) happens.

More spending! Less pay! Long-term! Food-stamp utopia!

December 18, 2013
Most Americans Want Tougher Food-Stamp Requirements

National Journal poll finds two in three people think the biggest problems with the program are waste, fraud, and abuse.

Those are certainly the "biggest" problems with the food-stamp program, right behind rising income inequality, bubble growth, and the Lesser Depression of course. That said, one in seven people may strongly disagree with two in three people. Hard to say!

Whew! Got those sarcastic quote marks around the word that time! Yes!

Source Data:
St. Louis Fed: Custom Chart