In the U.S., economists seem dumbfounded at the lack of wage growth. Here are two looks at two commonly used data points. The first is the year-over-year growth in average hourly earnings of All Private Employees. The annual growth rate has been stuck around 2% for over five years now. The lack of recent growth and the improved employment pictures (as measured by the JOLTS/unemployment rate/and others) has some economists speculating that wage growth will accelerate sooner rather than later. The second is the year-over-year growth rate in Private Non-Supervisory Average Hourly Earnings. In contrast to the first figure, the…
Why Is Wage Growth So Slow In The U.S.? Hint: China And India Are Responsible, Not U.S. Employers
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.
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