Plain English with Derek Thompson cover image

"We’re Seeing a Fundamental Reorganization of Work in America"

Plain English with Derek Thompson

00:00

Wage Dynamics in a Shifting Economy

This chapter examines the intricate relationship between inflation and real wage growth in the American labor market, particularly highlighting trends among low-wage workers. It discusses the unique economic landscape following the pandemic, which has led to a notable increase in real wages despite rising prices. The analysis emphasizes the shifting dynamics of wage inequality and the positive impacts of a tight labor market on disadvantaged groups, revealing a complex narrative of economic recovery and restructuring.

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