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elleng

(130,914 posts)
Fri Feb 2, 2018, 02:27 PM Feb 2018

6 Reasons That Pay Has Lagged Behind U.S. Job Growth

'Average hourly earnings were 2.9 percent higher in January than a year earlier, a hopeful sign that wages might be gaining traction in a tight labor market. Their stubborn failure to do so is one of the mysteries of a recovery now in its ninth year. These are factors that may be playing a part.

Declining Unionization

Restraints on Competition

A Lagging Minimum Wage

Globalization and Automation

Sluggish Productivity

Outsourcing

https://www.nytimes.com/interactive/2018/02/01/business/economy/wages-salaries-job-market.html?

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