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Why aren't wages rising?

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IT'S a mystery. The US economy seems strong. Since the nadir of the Great Recession, employers have added about 19 million workers. The unemployment rate is 4 per cent, near the lowest level since 2000. By standard economic theory, the strong demand for labour should be pushing up wages. But that is not happening. Wage gains of 2.7 per cent roughly match inflation.

© The Business Times