The unemployment rate is 3.9 percent, near the lowest point since the year 2000. The number of new jobs exceeds the peak in 2008 by around 11 million. Then there is the stagnation of wages.
Corrected for inflation, wages or less 2 percent since January of 2015, according to the Bureau of Labor Statistics. The gain was about half of 1 percent annually. Little wonder that many workers feel they are not getting ahead. They are not.
A strong economy and growth, by textbooks, supposed to make upward pressure on wages as the company bids to better workers and store employees around to pay higher. All sorts of absurd theories have been put forward to explain why this did not happen.
Demographics are cited. Well-paid baby boom workers retiring and being replaced by millennials are paid; This dragged down the average wage. Or the great recession left workers and entrepreneurs with psychological trauma. Workers are more concerned with job security.















