- While employment creation is back to normal and unemployment has fallen to levels at which wage inflation tends to pick up, there is no sign of the latter happening.
- This great wage moderation, while actually not a new phenomenon, is still confounding macro-economists as well as the Fed’s monetary policy making.
- We’ll look at some of the likely causes.
The Great Wage Moderation, A Primer | Seeking Alpha
May 24th, 2015 · No Comments