Hey Bartender! Fed Looks To Raise Rates In Face of The Great Bartender Recovery

This has been a SLOWWWWW economic recovery. Full-time employment is ALMOST back to 2007/2008 levels of full-time employment. However, average wage growth is almost 50% lower than in 2007 despite The Fed not having raised The Fed Funds Target rate since 2006.

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One reason that wage growth is so slow is that many of jobs added post-2007 have been lower wage service jobs (e.g., bartenders).

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Here is a chart courtesy of Zero Hedge showing bartender growth versus manufacturing job decline.

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So, let me get this straight. The Fed wants to raise rates in the face of stagnant wage growth and a surge in bartenders.

Even Goldman Sachs CEO and Chairman Lloyd Blankfein sees a jolt when The Fed raises rates.

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Hey bartender! This is your recovery!

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