NAFCU’s Long on FOX News radio: Wage growth reflects productivity
NAFCU Chief Economist and Vice President of Research Curt Long joined the FOX News Rundown radio program Thursday to offer insight on the lack of wage growth as host Jessica Rosenthal explored strong and weak aspects of the U.S. economy.
In response to a question from Rosenthal on why wage growth has been stagnant, Long described it as “a bit of a mystery.”
“The mechanics of wage growth are something that aren’t that well understood, but the one real clear connection that we do have is with productivity,” Long said. “Productivity has been quite low during the recovery.”
Long add that recent figures from the Commerce Department, which indicated strong productivity in the second quarter, could lead to wage growth in the coming months.
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