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Rising wages

Is "good news" good news for the economy right now?

by Meghan McCarty Carino
Dec 14, 2023
When inflation was high, good news for workers could be bad news for prices. But it looks like the labor market is in better balance.
Strong labor market data — in other words, good news for workers — could keep the Federal Reserve's interest rate policy where it is, which would be good news for savers but bad news for borrowers.
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COVID-19

Wages spike in the pandemic — but it's just a fluke

by Mitchell Hartman
Jan 4, 2021
In the recovery this year, wages are likely to stagnate for returning service workers, economists predict.
Fast-rising wages during the pandemic are an anomaly. While most higher-paid professionals were able to work from home, millions of lower-paid service workers lost jobs and income.
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