Opinion: Emotions and economics explain stagnant wages

IT IS NOT CLEAR WHY, but despite rising employment and a growth in the labor force, wages in the United States are not climbing at the rate that many think it should. / BLOOMBERG NEWS FILE PHOTO
IT IS NOT CLEAR WHY, but despite rising employment and a growth in the labor force, wages in the United States are not climbing at the rate that many think it should. / BLOOMBERG NEWS FILE PHOTO
NEW YORK – The labor market appears to be quite strong, judging by June’s unemployment figures. The rate ticked up in June to 4 percent, but that is still very low. It has been nearly two decades since the U.S. economy has had such little unemployment. There are currently 6.7 million job openings – a…

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