Should-Read: Jay Shambaugh et al.: Thirteen Facts About Wage Growth
Should-Read: Jay Shambaugh et al.: Thirteen Facts About Wage Growth: “Economic and policy changes are both important for the division of economic gains… http://www.hamiltonproject.org/assets/files/thirteen_facts_wage_growth.pdf
…We explore the roles of technological progress, globalization, and changing returns to education in driving some of these wage trends over the long run. We also examine declines in the rate of union membership and the real minimum wage, focusing on how these developments have affected the level and distribution of wages…