President Trump and Republicans in general have been touting the low U.S. unemployment rate, which now sits at 3.7 percent. This is close to what economists regard as full employment, or the best the U.S. economy can reasonably be expected to do. What this number doesn’t tell us, however, is what kind of jobs people have, how many jobs they are working in an attempt to make ends meet, and how much they get paid as a result of all their efforts.
Wages and wage stagnation, rather than jobs, are the pressing issues today. Median wages have barely kept pace […]
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