Some links, 2 graphs. EZ wage ‘increases’, the rise of the self-employed in the UK and ‘Markets and Morality’ (in Spain)

markets and morality in Spain?…it’s sad, but it sounds like a joke..

Real-World Economics Review Blog

A) Are wage increases in the Eurozone too low? Deflation is especially vicious when debts are high, and low wages contribute to deflation, as the Japanese example shows (check the footnotes and remember that Unit Labour Costs are not a competitivety metric but gauge the contribution of wages to in- or deflation).  Wage increases in the Eurozone are still not low enough to be consistent with a situation of self-perpetuating deflation but the data suggest that the ECB will continue to undershoot its inflation target, people will continue to struggle with their debt load, banks will, as a result, continue to be feeble and unemployment will continue to be high.

wages

B) What the **** happened with the self-employed in the UK?! Carefully reading the ONS spreadsheets it turns out that: Royal Mail plc is included in the private sector from December 2013 but in the public sector for earlier time…

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