Ethan Harris Wage Quotations

We are going to get some follow-through, some hiring, but it will be slow. I don't see wage growth coming back in the next year.

You're going to see continued cost discipline. So when growth comes it won't be spent on things like wage increases, but will flow to the bottom line.

Everyone is all zeroed in on the consumer now, but the truth is that the consumer isn't the driver now. Confidence is picking up, but still at average levels. Wage growth is slow and the bulk of the tax cut is already in place. Finally, with all the debt people have taken out over the past several years the burden of paying monthly bills is leaving less for discretionary spending.