For at least two decades the data have shown a hollowing out of jobs in the middle of the wage distribution. Job growth has been concentrated in the two extremes: the high end and the low end.
But that trend may be coming to an end. Today's WP has a short article summarizing research by the New York Fed on job growth by wage tiers. There was much more job growth in middle-wage jobs between 2013 and 2015 than there was in the low and high wage tiers. Industries such as construction, education and transportation led the way.
What's going on with inflation?
2 years ago
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