Wage Dynamics in a Shifting Economy

Today’s episode is about arguably the most important economic statistic out there: real (or inflation-adjusted) wage growth. For much of the last few years, many people's real wages have declined. But for the last few quarters, real wages have been growing. In fact, they've grown so much for the poorest workers that several key measures of inequality are falling, and the Black-white wage gap is shrinking. But many Americans still don't seem to buy the idea that things are getting better. Today's guest is Dr. Arindrajit Dube, a professor of economics at University of Massachusetts Amherst—one of the world’s top researchers on minimum wage policies and pay. He says things are happening in this economy that we haven't seen since the 1950s or 1960s. "We're seeing a fundamental reorganization of work in America," Dube said.

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Host: Derek Thompson

Guest: Dr. Arindrajit Dube

Producer: Devon Baroldi

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