Solving The 'Wage Puzzle': Why Aren't Paychecks Growing?

[McFurd]

NPR - 8/2/2018 - Yuki Noguchi - A basic tenet of economics is that when demand for something goes up, so does its cost. So, many economists wonder why today's high demand for workers hasn't translated into bigger increases in pay. Federal Reserve Chairman Jerome Powell has called this a puzzle that defies a single or easy explanation. It isn't just, for example, that productivity has slowed, making it harder for businesses to justify paying more — though that is certainly a factor. Read more @ https://www.npr.org/2018/08/02/63475409 ... ks-growing