COTD: Pity the I-Bankers and Lawyers

Can this be true?    Blue collar wages outpacing white collar over the past two years?

Fake data?  Just yankin’ your Markov chain!

“Though only a few industries accounted for much of the recent acceleration in AHE [average hourly earnings], it may yet be sustainable,” Kansas City Fed economist Willem Van Zandweghe says in his study.
Bloomberg

wage_feb22

 

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