Does the American Worker Have Anything to Complain About? [CHARTS]Harrison Roger
An often heard complaint from workers and other commentators is that the American worker is in a "dire" situation. Wages have been "hopelessly" stuck at 2 percent year over year (Y/Y) growth since late 2009.
The debate was reignited today with the BLS' productivity and unit labor cost numbers. Overall, productivity came in at 2.5 percent and unit labor costs were 0.6 percent (Q/Q annualized).
American worker hourly earnings
The relatively weak unit labor costs and strong productivity growth had . . .
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