Gad Levanon is a vice president at The Conference Board, where he heads the Labor Markets Institute. The opinions expressed in this commentary are his own. At 11 years running , the United States is experiencing its longest economic expansion ever. And unemployment is at a 50-year low . But workers’ wages haven’t grown as fast as one would expect. At just above 3% , current wage growth lags well behind where it was during other periods this past century, when the jobs market was also booming.
It should come as no shock that slower-than-expected wage growth doesn’t apply to […]
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