Lazear On Wage Stagnation

Lazear On Wage Stagnation

Eddie writes:
The part of the mortal workforce employed inwards the BLS-defined industries “financial activities” together with “hospitals” decreased past times most 5% betwixt 2010 together with 2014. Jobs inwards these industries pay 29% together with 24%, respectively, inwards a higher house the economic scheme mean. Because a smaller part of task is working those high-wage industries, the typical chore inwards the economic scheme is straightaway lower-paying than inwards 2010.... 
So what accounts for the relative refuse inwards jobs inwards high-wage hospitals together with finance? One obvious possibility is increased regulation. The Affordable Care Act for hospitals together with Dodd-Frank for finance both passed inwards 2010, the twelvemonth existent payoff began to decline.

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