If one assumes Mr. Rosengren allows the economy to hum along at the current levels (a big if since he wants to raise rates), a average 2.5 %
wage gain less 2 % inflation makes you wait three more years to get back to 2007 (a lost decade plus two) and five years to party likes it's 1999 (two lost decades, plus one).
Not exact matches
Some analysts believe this has helped keep
wage gains stagnant even as the jobless rate has fallen because employers don't have to raise wages as much to retain talent when there is
less employee turnover.
[158] Other causes include the rise in non-cash benefits as a share of worker compensation (which aren't counted in CPS income data), immigrants entering the labor force, statistical distortions including the use of different inflation adjusters by the BLS and CPS, productivity
gains being skewed toward
less labor - intensive sectors, income shifting from labor to capital, a skill gap - driven
wage disparity, productivity being falsely inflated by hidden technology - driven depreciation increases and import price measurement problems, and / or a natural period of adjustment following an income surge during aberrational postwar circumstances.
All the solutions I can think of are: A living
wage High taxes on bonuses Higher capital
gains tax and regulations But we need world government else all the businesses bugger off abroad for lower taxes and
less regulations.
«In other words,» Hawkins said, «half of American workers now make
less than the 1968 minimum
wage had the minimum
wage kept pace with productivity
gains.
3) Even in the»50s and»60s there were people looking to convert
wage income into
less - taxed capital
gains income.