Sticky Wages and Nominal Rigidities: Why Nominal Wages Have Been Stagnant Since The Great Recession

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Nominal wages (as measured by the employment-cost index) in 2015 have finally showed some substantive increases for the first time since the Great Recession. An important question for economists is why it has taken so long for wages to rise, despite the rapid improvements in the labor market (as measured by […]

Vía Forbes Real Time http://onforb.es/1M2j1bS