5 ms·
probably because the article is written from the perspective of labour/macro- economics rather than welfare economics. It's true it touches on where the wage g
by ACow_Adonis 7y ago
probably because the article is written from the perspective of labour/macro- economics rather than welfare economics.
It's true it touches on where the wage gains are going (although to me that looked rather inconclusive frankly), but I think it's primarily concerned with notions of wage stickiness in labour markets, not measures of productivity or real-wage gains or welfare.
And to be fair, if the US is anything like here, official bodies have been having trouble modeling/predicting nominal wage growth and inflation over recent history.