The Financial Outlook for Personal Investors: Could rising US pay inhibit equity markets?

Russ Mould, Investment Director of A J Bell, looks at mounting evidence of wage pressure in the United States. Amazon is taking on 75,000 more workers in the US and Canada but is having to offer double the minimum wage together with a signing-on bonus and health & dental care. While it took two years for US incomes to recover after the Financial Crisis, this time it's only taken eight months. What might the ramifications be for central banks and for markets? Russ advises investors to think about the things people are not talking about rather than what they are and to hunt out intrinsic value.