Top 6 – April 2016


Tim J. Smith, PhD
Founder and CEO, Wiglaf Pricing

Published April 4, 2016

“U.S. labor markets are firm, with the pool of labor expanding but pressure on wages is hardly rising. We have been seeing this for a long time and unless it changes, markets will focus more on Yellen’s stance,” – Koichi Yoshikawa, executive director of financial markets at Standard Chartered Bank, Reuters

  1. What will get the dollar value up?
  2. Does it solely rely on Yellen’s stance?
  3. Perhaps once minimum wage is raised throughout country, things will move.
  4. If the dollar is weak, will a higher wage matter?
  5. Seems as though we are always playing catch up with China.
  6. Where do tax-paying employees fall in the race?
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About The Author

Tim J. Smith, PhD, is the founder and CEO of Wiglaf Pricing, an Adjunct Professor of Marketing and Economics at DePaul University, and the author of Pricing Done Right (Wiley 2016) and Pricing Strategy (Cengage 2012). At Wiglaf Pricing, Tim leads client engagements. Smith’s popular business book, Pricing Done Right: The Pricing Framework Proven Successful by the World’s Most Profitable Companies, was noted by Dennis Stone, CEO of Overhead Door Corp, as "Essential reading… While many books cover the concepts of pricing, Pricing Done Right goes the additional step of applying the concepts in the real world." Tim’s textbook, Pricing Strategy: Setting Price Levels, Managing Price Discounts, & Establishing Price Structures, has been described by independent reviewers as “the most comprehensive pricing strategy book” on the market. As well as serving as the Academic Advisor to the Professional Pricing Society’s Certified Pricing Professional program, Tim is a member of the American Marketing Association and American Physical Society. He holds a BS in Physics and Chemistry from Southern Methodist University, a BA in Mathematics from Southern Methodist University, a PhD in Physical Chemistry from the University of Chicago, and an MBA with high honors in Strategy and Marketing from the University of Chicago GSB.