unemployment low,wages are supposed to rise

total compensation

Related: 8 things Americans would give up for araiseright on tracktrougha possibilitypiling upblog postnoncompeteunionsmore popularhave noted

more stagnant

have soareda relationshipleast productiveslowing worldwide

Noah Smith is aBloomberg Opinion columnist. He was an assistant professor offinance at Stony Brook University, and he blogs at Noahpinion. Thiscolumn does not necessarily reflect the opinion of the editorialboard or Bloomberg LP and its owners.

Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.

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