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 Orrin Judd at April 5, 2015 6:52 PM
Tweet