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Michael R. Strain

The Story of Stagnating Wages Was Mostly Wrong

The measures can be misleading. 

Yes, they are getting somewhere.

Yes, they are getting somewhere.

Photographer: Timothy A. Clary/AFP/Getty Images

Wages have been stagnant for decades for everyone except those at the very top: How often have we heard this claim? Presidential candidates frequently assert it as fact, as do some prominent economists, commentators and other opinion leaders.

The problem is it is more wrong than right.