I don't believe this is what drove markets lower, but this is an excellent retort to those who find that explanation plausible.https://twitter.com/MkBlyth/status/960902339954642944 …
How is it that wages have *gone down* for 90% of the country since 2008, yet housing is skyrocketing again? Raising wages only causes (minimal) inflation by driving up demand, which companies *want*. But cost of living is going up *without* accompanying wage growth...