Sure, wages are growing. But they should be growing faster.
hourly wage growth is stalled at a yearly rate of 2.5 percent. Now, inflation is running around 2 percent
.. Probably, worker bargaining power has just taken such a hit over the last few decades — trade deficits, deunionization, technology, austere (stingy) fiscal policy, and “secular stagnation” (persistently weak demand — that even at low unemployment, we’re not seeing the wage gains we should.
.. ’re going to need a lot more months of job gains like November to generate the high-pressure labor market that workers depend on if they are to claim anything like their fair share of the growth they’re helping to produce