By Adam Pagnucco. In Part Three, we learned that rising average wages during the pandemic are likely a sign of growing income inequality as job losses are concentrated in lower…
Pandemic Wages Series
4 Articles
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3 Min Read
By Adam Pagnucco. In Part Two, we identified one reason why average wages have been rising during the COVID recession: job losses have been concentrated in the leisure and hospitality…
1 Min Read
By Adam Pagnucco. In Part One, we recited a central lesson from Economics 101: wages are prices affected by supply and demand for labor. In prior recessions, wages either stagnated…
1 Min Read
By Adam Pagnucco. Every college student taking Economics 101 learns about how supply and demand interact to set market prices. Wages are prices set in labor markets. When growth in…
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