Wages: Looking for a rise

Posted: November 12, 2015 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

The never-ending story

Fly Title: 

Wages

Rubric: 

Wage growth is at last accelerating. But living standards will continue to stagnate

Main image: 

20151114_USD001_0.jpg

THE last time unemployment in Wisconsin was as low as today’s 4.3% was in April 2001. George W. Bush had been president for a mere three months; Gladiator had just cleaned up at the Oscars. Usually, economists have to look back just one recession to gauge the strength of a labour-market recovery; in Wisconsin, they must go back two. With their talents in such demand, today’s Wisconsinites might have expected bumper pay rises in 2015. Instead, they have been disappointed. Hourly wages rose by just 1.1% in the past year—and are lower than they were 18 months ago.
The Badger State is not alone. The same curious combination of booming labour market and meagre pay rises has characterised the economy as a whole for most of 2015. At 5%, nationwide unemployment is more or less as low as the Federal …

via Economic Crisis http://ift.tt/1RQpauo

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s