Theories About Why Wage Growth is Slow
The Wall Street Journal has an interesting take on why wage growth has been sluggish despite the general upward trend of the economy in recent years. This story by Ben Leubsdorf gives nine possible reasons, gleaned from research by Fed economists. They include theories like intense competition among underemployed workers for better jobs; people reluctant to let go of their current jobs; and that the labor market now includes more low-wage jobs.
You can see the story here.
