Noah Smith, Columnist

Everything Is Booming Except for Wages

After accounting for inflation, pay increases are negligible.

February 23, 2018 at 3:29 PM UTC

Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.

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It’s now safe to say that the U.S. economy is in a boom.

Small business leaders are saying it. Measures of business optimism, tracked by the National Federation of Independent Business, are at all-time highs: