Friday, September 4, 2015

Workers are saying: Show me the money! NYT "This Was to Be the Year of Bigger Wage Gains. It’s Not."

Neil Irwin in the New York Times.
The unemployment rate is low by any historical standard at 5.3 percent. Businesses are complaining of worker shortages in industries includinghealth care, construction and trucking. Household-name companies like Walmart and McDonald’s have announced increases to their pay for low-wage workers. 
Add those together, and it would seem to point to 2015 as being the year American workers start seeing substantially larger paychecks. The only problem: There is no real evidence in the economic data that this is happening.

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