Americans Haven’t Felt This Good About Income Growth Since 2001
- Sept. 7’s upward blip notwithstanding, pay growth has lagged
- Expectations raised by low jobless rate for past three years
This article is for subscribers only.
Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last week’s upward blip in wage growth could be wiped out by inflation.
Yet Americans haven’t been this optimistic about future pay raises since the century began, according to the Conference Board’s monthly surveys.