Notes from the Editors, March 2020

Authors

  • - The Editors

DOI:

https://doi.org/10.14452/MR-071-10-2020-03_0

Keywords:

Capitalism, Political Economy, Inequality

Abstract

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According to the U.S. Bureau of Labor Statistics, the U.S. economy is experiencing an unemployment rate that is at a fifty-year low. Yet, wage growth continues to be weak, with continuing wage stagnation even at the peak of the business cycle. A major and largely undertheorized reason for the sluggish wages in a period of seeming full employment is to be found in the fact that the new jobs being created by the economy do not measure up to those of the past in terms of weekly wages and hours, or in the degree to which they support households or even individuals.

Published

2020-03-01

Issue

Section

Notes from the Editors