American workers' wages stagnant, even in a great economy: why?

[downbeatplumb]

As a lower-level manager in a large corporation, I am starting to feel the pinch of a tight labor market. I am having trouble filling temp positions at the wages I'm allowed to offer. More people on my staff are applying for other positions in the company, and I anticipate it will be more difficult to replace them, especially with the limitations imposed on what I can offer by upper management. My experience is that these conditions will have to persist for another year before we start seeing any wage adjustments. We don't raise wages until the impact of not being able to attract and retain talent trickles up to corporate profits.

That’s not necessarily a good sign. Tightness in labor market usually occurs towards the end of an expansion cycle and preceed a downturn.

The Trump slump is on its way.

The US's tourism market has already largely collapsed as the US is not seen as a nice place to go.

Spain is expected to become the second most popular tourist destination in the world, overtaking the US, as the so called ‘Trump Slump’ cause a dip in the US tourism industry; says GlobalData a leading data and analytics company.

The decline of tourism is estimated to cost the US economy £140 million a week, equivalent to £7.3 billion a year.

http://www.ttoscandinavia.com/trump-slump-leads-spain-to-overtake-us-in-global-tourism/

https://www.theguardian.com/travel/2017/feb/28/us-tourism-experiences-a-trump-slump

Interest in travel to the US has “fallen off a cliff” since Donald Trump’s election, according to travel companies who have reported a significant drop in flight searches and bookings since his inauguration and controversial travel ban.

Data released this week by travel search engine Kayak reported a 58% decline in searches for flights to Tampa and Orlando from the UK, and a 52% decline in searches for Miami. Searches for San Diego were also down 43%, Las Vegas by 36% and Los Angeles 32%.

Tired of all that winning yet?