Facebook The U.S. economy has been growing for more than 10 years, which makes it the longest expansion in American history. Many people are benefiting from unemployment rates that are among the lowest in decades. However, wage growth for much of the economic cycle has been lower than expected. This has many economists scratching their heads, wondering why an otherwise strong economy is not resulting in stronger worker benefits. Perhaps this is a sign that the historical relationship between employment growth and wage growth is changing.
Job growth usually drives wage growth
Traditional economic theory holds that unemployment and […]
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