The Wage Watch
The missing variable.
Exhibit A — the note whose purchasing power this survey is tracking.
What are you seeing on the ground?
Filed. Useful knowledge.
The kind no terminal sells — it exists only because people on the ground write it down. The aggregate goes to class once the sample is worth discussing, and feeds the Money Printer. Come back next month; this is a series, not a poll.
Why this exists. Session 19's fork: if the past year's money-supply surge meets idle capacity, it becomes output; if it meets wage pressure, it becomes 6–7% inflation for two or three years. The professor, on record: "Where you can add to what I know is whether there is wage pressure building up. If not — forget it, we will be fine. If you see it building, this is not temporary." The full session notes have the argument; this page is the sensor.