Ed Elson

This is exactly what we do.

Good news is bad news.

Contradictions, that's what it's all about.

Just before we wrap here, the one thing I'd like to point out is wage growth, which wages rose 3.4%, but inflation is currently at 3.8%.

This is the bad thing, if we're talking just from a purely economics perspective, which is that real wages are falling.

I just wanted to get your read on what we're seeing in terms of wages.

This seems like...

not a good trajectory, and I wonder if it's going to continue.

All right.

Justin Wolff is Professor of Public Policy and Economics at the University of Michigan, founder of Platypus Economics.

Justin, thank you for cutting through the noise with us.

We really appreciate it.

Great pleasure, mate.

We'll be right back.

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