The Presidential Daily Brief

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  1. Man putting money into pocket, accepting a bribe.

    Wages Stay Stagnant Despite Growth

    When the economy improves and unemployment drops, wages are supposed to rise as companies compete for a shrinking pool of workers. But U.S. firms are refusing to pay at rates expected by economists, analysts … or employees. Experts blame hidden slack in the labor force — created by employers hiring folks not recorded in national tallies — as well as persistent recession fears and the need to compete with cheap foreign labor. But they’re also warning that keeping wages low to stay globally competitive could slow the U.S. economy to a crawl.

This story is part of The Presidential Daily Brief

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