In their article entitled What’s Holding Back Wages in America?, Bloomberg writers Steve Matthews, Matthew Boesler, and Jeanna Smialek take a look at wage stagnation across different industries. Despite current record-high employment levels, wages actually fell in July.
“To shed some light on what may be holding down pay, Bloomberg News reporters interviewed employers in three industries in which wages remain low despite persistent reports of worker shortages—construction, long-haul trucking, and child care. What they found is that the impediments keeping wages from taking off are diverse, and in some cases seem unlikely to change quickly. Still, there are glimmers of hope that a tight labor market might be on the cusp of pushing earnings higher.”