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Should-Read: Kevin Drum: The Mystery of the Tight Labor Market

Should-Read: Kevin Drum asks the important question today:

Job Openings Total Nonfarm FRED St Louis Fed

Average Hourly Earnings of Production and Nonsupervisory Employees Total Private FRED St Louis Fed

Kevin Drum: The Mystery of the Tight Labor Market: “Nearly all the data points to a tight labor market with the exception of the single most important bit of data: wages… http://www.motherjones.com/kevin-drum/2017/08/the-mystery-of-the-tight-labor-market/

…Rising wages are the clearest sign of a tight labor market, but we’re not seeing them. Not at the working and middle-class level, anyway. What’s going on?

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Should-Read: Kevin Drum: The Mystery of the Tight Labor Market

August 7, 2017

AUTHORS:

August 7, 2017

AUTHORS:

Factsheet: Is the U.S. economy in a recession, and how does recession dating work?

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon