Wage growth for the average workers in the US has been artificially suppressed over the past few decades due to a variety of reasons. However worker productivity has continued to rise year after year. According to EPI, the average worker would be earning $10 more per hour if wage growth kept up with productivity. Since …
Continue reading ‘40 Years of Unequal Wage Growth in the US: Chart’ »
Canadian bank stocks have performed very well so far this year with all increasing by double digit percentages. NYSE-traded shares of Bank of Montreal(BMO), The Canadian Imperial Bank of Commerce (CM) and Royal Bank of Canada(RY) reached their 52-weeks on last Friday. These banks are slated their announced their second quarter earnings this week. Analysts are …
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One of the critical factors that companies consider when offshoring manufacturing to China or Mexico is the cost of labor. Labor costs used to be very low a few years ago when China was emerging as the factory floor of the world. That is no longer the case as labor costs there have been increasing …
Continue reading ‘Comparing Manufacturing Labor Costs in China and Mexico’ »
India’s benchmark Sensex index has made a strong recovery since the March lows of 2020.But earlier this year the index wobbled as rising covid cases and restrictions made investors jittery. Recently though the Sensex has been rising and has crossed the 50,000 level again. In the past 5 years the index has shot up nearly …
The US equity market has changed dramatically over the past 200 years. In the early days of the founding of the equity market, financials particularly the banks were the only listed companies. Then in the early 19th century transportation stocks especially railroads were the dominant sector in the market. This was followed by energy and …
Continue reading ‘The Make-Up of the US Equity Market Over the Past 200 Years’ »