Chart of the Day: There’s Still No Wage Pressure in the US Economy

This is just a reminder from Jared Bernstein, who analyzed five different measures of wage growth to produce the chart below. Ever since the end of the Great Recession, wage growth has been under 2 percent. It’s still under 2 percent, and shows no signs of increasing. This is yet another indication that the recovery is weak, the labor market has a lot of slack, and there’s no inflation in sight.