Strong Economy Drove Wages Higher in August as Hiring Heats Up . . .

. . . U.S. nonfarm payrolls expanded by 201,000, while private-sector hourly wages grew 2.9% from a year earlier.

So much for Nancy Pelosi’s comment on employees’ bonuses as improving their lives,

Pelosi, Jan. 11: In terms of the bonus that corporate America received versus the crumbs that they are giving to workers to kind of put the schmooze on is so pathetic. It’s so pathetic. And I would hope that with their big advantage of bringing money home at a very low rate, that they would invest in infrastructure and things. But our experience has been that they will do dividends. They will do stock buy-backs and things like that. I think it’s insignificant.

Recalling the reply of a former Jesuit colleague to my calling his argument “irrelevant — “You’re irrelevant,” he sputtered, which I still chuckle at — I could reply to her, “Pathetic? You’re pathetic.”

Kidding, of course.

“On the square,” my father used to say, shrewdly.

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