Deflation And Pricing Power

Nice chart from US economists at Societe Generale today. Labor pricing power versus the corporate pricing power.

Click on chart to enlarge, courtesy of Societe Generale.

Indeed, something happened in the beginning of 80-ties. One may be looking for answers starting from here, move to The Bestest Generation, look at Financial sector profits, and move to Globalization's critical imbalances to get a kind of feeling ...