Mark Whitehouse, Columnist

Yellen Is Right: Workers Need a Raise

So far this recovery, workers' compensation has failed to keep pace with their productivity.

July 15, 2014 at 6:27 PM UTC

Mark Whitehouse is a member of the editorial board covering global economics and finance. Previously, he reported on economics for the Wall Street Journal and was managing editor of Vedomosti, a Russian-language business daily.

No word on whether the robots want a raise too.

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Federal Reserve Chair Janet Yellen -- most recently in today's Congressional testimony -- has signaled that she'd like to see U.S. workers getting paid more, and that she's not terribly concerned about inflation getting out of control if they do.

Judging from how workers typically fare in recoveries, Yellen is right: They're long overdue for a raise.