
This could be the reason behind slow wage growth in the US
Wages in the US have grown slowly in recent years, even as the unemployment rate has fallen to the lowest levels in decades. This is puzzling. Economic theory and common sense suggest tha...
Yasser Abdih is a senior economist working on the U.S. desk of the IMF’s Western Hemisphere Department. Before that, he was in the Middle East and Central Asia Department, covering Jordan and regional policy issues, as well as in the IMF Institute conducting training and research. Yasser came to the IMF from academia. His research has covered a wide range of topics including economic growth, remittances, inflation modeling and forecasting, labor market issues, and exchange rate and monetary policies.
Wages in the US have grown slowly in recent years, even as the unemployment rate has fallen to the lowest levels in decades. This is puzzling. Economic theory and common sense suggest tha...
There was a time when U.S. central bankers worried that inflation was too high, and they tried to bring it down. Now the opposite is true: the Federal Reserve is concerned that inflation ...