With fewer prospective workers seeking jobs, employers should be having to pay up to attract and retain employees.
By Jeanna Smialek|October 19, 2018 at 10:26 AM
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Now that unemployment has touched its lowest level since 1969, economists are puzzling even more over why wages haven’t been rising faster. After all, with fewer prospective workers seeking jobs, employers should be having to pay up to attract new employees and keep the ones they have. One theory about what’s going carries the name monopsony.
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