Barry Ritholtz, Columnist

Be Patient. Pay Raises Are Coming.

Wages have been going up, drawing more people into the work force. Signs suggest that will continue.

February 3, 2017 at 3:52 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

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Sometimes, it takes a while for changes to work their way through the system to show up in the official data.

Case in point: Wage increases. Today’s jobs report confirms what we have been discussing during the past few years as wages in January rose 2.5 percent from the same period a year earlier. We have been anticipating an increase in wages, for numerous reasons, and they have been coming, if slowly. We could be on the cusp of seeing those gains accelerate.