April 5, 2015

WINNING THE WAR ON WAGES:

Wage Growth Remains Largely in Check (BEN LEUBSDORF, April 5, 2015, WSJ)

Average hourly earnings of private sector workers rose last month by 7 cents to $24.86, the Labor Department said Friday. The 0.3% increase, which was a bright spot in a broadly weak jobs report, followed a tepid 0.1% rise in February.

But monthly readings can be volatile, and the trend remains muted. Hourly earnings in March rose 2.1% from a year earlier, little changed from their 2% annual pace over the past half-decade.

Given how far that is ahead of inflation though, there's plenty of room to pass on more retirement and health care costs to employees.

Posted by at April 5, 2015 6:52 PM
  

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