Conor Sen, Columnist

Wage Growth Is the Key to ... Well, Everything

How to get more people into the workforce, inspire businesses to invest in productivity, bring profit margins back to normal levels and drive inflation to the Fed's target.

June 7, 2017 at 10:00 AM UTC

By Conor Sen

Conor Sen is a Bloomberg Opinion columnist. He is founder of Peachtree Creek Investments.

Wage increases should drive productivity growth.
Photographer: Adam Berry/Getty Images

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Call it the new Fed conundrum.1496778766516

If the labor market in the U.S. is around full employment, as May's 4.3 percent unemployment rate would indicate, why are we not seeing surges in wage growth and labor-force participation?