facts about wage growth - hamilton project · note: horeontal lines indicate annualized wage growth...
Post on 10-Jun-2020
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#WageGrowth
Facts about Wage Growth
#WageGrowth
The problem
Annual real wage growth since 1973 is below 0.2 percent
#WageGrowth
What is needed for wage growth
Increases in productivity
#WageGrowth
What is needed for wage growth
Worker bargaining power
#WageGrowth
Broadly shared growth
What is needed for wage growth
#WageGrowth
Long-run Trends that Impact Wages
#WageGrowth
Union membership has declined
#WageGrowth
Some groups faring better than others
#WageGrowth
Globalization and technology
#WageGrowth
Less dynamism
#WageGrowth
Minimum wage eroding
#WageGrowth
Recovery from the Great Recession
#WageGrowth
Real wage growth better than in the past
#WageGrowth
Nominal wage growth worse than ever
#WageGrowth
The current cycle — summarized
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