FRED Blog: Are Wages Growing Slowly?
A recent FRED blog post compared the trends in wage growth after the recessions that began in 1981, 1990, 2001, and the Great Recession beginning in 2007. The change in employee hourly pay rises and falls with the normal business cycle of growth and recession: A worker's rate of pay increases more quickly in a good economy and more slowly in a bad one. Graphing the U-shaped fall and rise of wage growth after these four recessions shows that not only was the trough of wage growth deeper after 2007, but that the recovery from that low point has been measurably slower. Read the full post here.