Decoupling of Labour Productivity Growth from Median Wage ...
Facts about Wage Growth - Hamilton Project · Note: HorEontal lines Indicate annualized wage growth...
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#WageGrowth Facts about Wage Growth
Transcript of Facts about Wage Growth - Hamilton Project · Note: HorEontal lines Indicate annualized wage growth...
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Facts about Wage Growth
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The problem
Annual real wage growth since 1973 is below 0.2 percent
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What is needed for wage growth
Increases in productivity
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What is needed for wage growth
Worker bargaining power
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Broadly shared growth
What is needed for wage growth
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Long-run Trends that Impact Wages
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Union membership has declined
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Some groups faring better than others
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Globalization and technology
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Less dynamism
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Minimum wage eroding
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Recovery from the Great Recession
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Real wage growth better than in the past
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Nominal wage growth worse than ever
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The current cycle — summarized