Low Wage Pay Gains

Doug Henwood dhenwood at panix.com
Fri Feb 5 18:07:26 PST 1999


Rkmickey at aol.com wrote:


>Anyone have any thoughts about this?

The real wage gains are pretty impressive, the best in decades. Whether they can be sustained or not is another question, but they're strong and very broadly distributed. A sustained sub-5% unemployment rate and a significant hike in the minimum wage are the main reasons - though if Shaikh is right and the U.S. is in a long upswing, there could be a lot more where this came from. The numbers for black household incomes over the last few years are also very strong.

Doug



More information about the lbo-talk mailing list