from San Diego Union Tribune (05.15.2015)

Bob Rauch on the EconoMeter panel as they discuss the consumer spending rate.

Are you concerned that consumer spending is not increasing at the same healthy rate as job growth?

Bob Rauch: Yes

“There has been a lack of real wage growth since the Great Recession. This does not bode well for long-term economic prospects or decreasing the wage gap between the lowest and highest earners. The economy is being propped up by international investment and spending because the U.

S. is still viewed as one of the safest places to invest. Wage growth must be addressed to get consumer spending back on track.

”

Read more from the panel…