Unemployment Is So 2009: Labor Shortage Gives Workers an Edge

Unemployment Is So 2009: Labor Shortage Gives Workers an Edge

A worker monitoring an embroidery sewing machine at a mattress factory in New Jersey. Is a new golden age for the American worker around the corner?

For the last couple of years, workers’ median earnings have been rising on a sustained path not seen in years.

This may come as a surprise after decades of wage stagnation, when the good jobs of an earlier industrial era — in which workers could go straight from high school to a lifelong place on the factory floor, with a pension on the other end — have largely disappeared, replaced in many cases by work […]

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