Wednesday, February 21, 2007

"What's up with the slow growth in workers' pay?"

Click here for an interesting USA Today article about why wages aren't increasing at a more rapid rate in the US. It begins:

When Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill Wednesday and Thursday he will likely be peppered with questions about why wages are not rising at a more rapid pace.

But he may have to leave lawmakers guessing.

That's because economists aren't sure why wages haven't increased at a faster pace even though the labor market is tight.

(Thanks to Andy Coon for the link.)

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