There are likely several factors putting the brakes on wage growth, including the decline in union membership and lack of minimum wage legislation.
The latest jobs report from the Bureau of Labor Statistics revealed a 50-year low for the US unemployment rate. But it also showed wage growth slowing to its slowest pace in more than a year. The phenomenon of slowing wage growth and rising employment levels has persisted for years, and is likely the result of several trends in the national labor market.
The latest jobs report from the Bureau of Labor Statistics revealed a 50-year low for the US unemployment rate. But it also showed wage growth slowing to its slowest pace in more than a year. The phenomenon of slowing wage growth and rising employment levels has persisted for years, and is likely the result of several trends in the national labor market.
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