All About Wages

(1) Labor market tight enough to revive Phillips curve finally? (2) Wage inflation still below Yellen’s “normal.” (3) Labor costs don’t automatically get marked up into prices. (4) Record profit margin implies more productivity growth than official data show. (5) Lots of industries with above-average wage inflation don’t have much pricing power. (6) Real wage and other compensation measures show rising trends, not stagnation. (7) The Council of Economic Advisers posts a useful primer on wages, which confirms upbeat trend. (8) Gene Epstein explains why labor’s share of national income isn’t as bad as shown by official data, and widely reported.