Low Unemployment Isn’t Worth Much If The Jobs Barely Pay

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That was a huge inherent problem with the 2010s economy. Unemployment was low but there was barely any wage growth.


The headline is super wrong, because low unemployment is a key driver of wage growth. When you have 10% unemployment, ain’t nobody handing out raises for the low wage workers this article is discussing. If you want wage increases, you need labor to be scarce.


So sick of awful pay. Can’t live off of it. Most people I know have multiple jobs.


But wait, I thought 2017 tax law was supposed to lead to an explosion in higher wage jobs.