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Why Aren’t Wages Rising Faster Now That Unemployment Is Lower?

#Breaking #News #USA
Why Aren’t Wages Rising Faster Now That Unemployment Is Lower?

#Business Day
By @KARL RUSSELL and PETER S. GOODMAN from NYT
When labor markets tighten, wages are expected to rise. But in recent years, as unemployment has fallen below 5 percent in the United States, wages have not been increasing as fast as in the past. Economists debate the reasons; workers grapple with the consequences.
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