The Labour Market: Workers, Wages, and Unemployment - The Labour Market - Trend 2: Slower wage growth since the 1970s
3 important questions on The Labour Market: Workers, Wages, and Unemployment - The Labour Market - Trend 2: Slower wage growth since the 1970s
What has happened to real wages since 1973?
Real wages have either stagnated or grown more slowly over the years.
How has the economy performed despite wage issues since 1973?
The economy has continued to grow with employment growth.
What are some potential causes for slow wage growth?
Potential causes include technological change, globalization, and weaker union influence.
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