Monday, September 23, 2019

The Debate Surrounding Wage Growth Measurement

Are wages rising, falling, or stagnating?
“The honest but boring answer to the question of what is happening to wages is: It depends. Specifically, it depends on how you measure it. As so often, methodology really, really, really matters. In the case of wage growth, four analytical decisions bear heavily on the results: which time period, which deflator, which workers (by gender), and which workers (in terms of position).”