Outside the Box: Here’s why your pay raise caused the stock-market correction and will bring more of the same

You just got a raise. Congratulations. You helped cause the October stock-market correction. And your pay hike will be what limits market gains from here. It might even spark the next recession and bear market for stocks.

Thanks a lot.

How can your pay raise finish off a bull market — and even the economy?

Two ways. At the company level, wage pressures are now either limiting profit growth or leading to price increases. Either way, stocks and the economy are in trouble. Here’s a closer look at the double disaster your beloved pay hike is causing everyone else.

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