Why U.S. Wage Growth Isn’t as Bad as It Appears
August 06, 2015 at 07:00 AM EDT
Those skeptical of the U.S. recovery often cite fairly meager wage growth as evidence. Indeed, last week, the government released the weakest Employment Cost Index (ECI) number since 1982. However, wage growth numbers are more nuanced than they may first appear. A close look at them reveals yet...