America's putrid wage growth

People are getting jobs. But are the jobs everyone's getting any good? Do they pay well?

A Walmart employee.
(Image credit: Illustrated | FRED, REUTERS/Eduardo Munoz)

The American economy has finally pierced the psychologically significant 4 percent unemployment barrier, hitting 3.9 percent in April. That's the lowest jobless rate since 2000.

It is undeniably a good thing that so many Americans are working. Unfortunately, however, their wages are nothing to crow about.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.