According to the Bureau of Labor Statistics, wages fell over the last year for ordinary, non-management workers. This is further evidence that companies are managing to avoid paying amid one of the tightest labor markets in decades.
1. What was the fall in wages from June 2017 to June 2018?
2. In two sentences, explain why this might be happening.
3. According to the article, the U.S. has a monopsony problem. What does this mean? Research this term.
LeVine, S. (2018). 1 big thing: America’s wage crisis.