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If I understand this correctly, we are long overdue for this change, since it was reported way back in October 2019 [0] that wages, despite low unemployment, ha
by websites2323 6y ago
If I understand this correctly, we are long overdue for this change, since it was reported way back in October 2019 [0] that wages, despite low unemployment, hadn't increased.
I suspect that politicians have been hesitant to poke the bear on unemployment numbers since the top-line has been so low that they could claim victory, but we are now reaching a point where the signals are so far divorced from the reality that they have no choice but to integrate something else to bring it more in line.
[0]https://www.cnbc.com/2019/10/07/that-50-year-low-in-unemployment-isnt-helping-worker-paychecks.html https://www.cnbc.com/2019/10/07/that-50-year-low-in-unemploy...