Magazine February 5, 2018, Issue

Where the Jobs Are

Grand Central Terminal, New York City.
In larger metro areas, wages and the demand for workers are rising

Wages in America have been stagnant for four decades. Two generations of workers have seen annual real-wage growth of barely 0.2 percent. The average worker today is earning only 10 percent more than in 1973, after adjusting for inflation. Wage growth has gone disproportionately to one group: skilled workers.

These trends only worsened after the Great Recession. Weak productivity growth and enormous slack in the labor market pushed wage growth into neutral. Since the end of the recession in June 2009, prices have increased faster than salaries. Even in 2017, with unemployment holding steady at slightly above 4 percent — a

To Read the Full Story

In This Issue

Articles

Features

Books, Arts & Manners

Sections

Letters

Letters

For What It’s Worth President Trump’s comment on the pricing of the United States Post Office (discussed in the Week, January 22) is based on a common misconception of what constitutes ...
The Week

The Week

‐ We thought Cory Booker might be after the Democratic nomination in 2020, but apparently he’s campaigning for an Oscar. ‐ Michael Wolff’s Fire and Fury has enraged both Trump loyalists ...
Poetry

Poetry

DISASTER RELIEF Three cuts I’ve gotten from the box knife’s blade, and needlessly I wonder — will they heal? as we remove debris for those who stayed. My last guess in the word game ...

Recommended

The Latest