Edward Conard

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Upside of Inequality Unintended Consequences Oxford
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Edward Conard

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Wage Growth Stronger Than It Appears

Wage growth is 3.5 to 4% per year—on par with prerecession wage growth—according to the San Fran Fed. Median wage growth is pushed down when baby boomers with higher-than-median wages retire and workers with lower-than-median wages are hired. Wage growth among the continuously employed is a truer measure of the strength of wage growth.

sf fed_wage growth

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