Why Is Wage Growth So Slow In The U.S.? Hint: China And India Are Responsible, Not U.S. EmployersHarrison Roger
In the U.S., economists seem dumbfounded at the lack of wage growth. Here are two looks at two commonly used data points.
The first is the year-over-year growth in average hourly earnings of All Private Employees. The annual growth rate has been stuck around 2% for over five years now.
The lack of recent growth and the improved employment pictures (as measured by the JOLTS/unemployment rate/and others) has some economists speculating that wage growth will accelerate sooner . . .
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