Research: Why is Wage and Productivity Growth Sluggish?

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Why is Wage and Productivity Growth Sluggish?

By Blu Putnam, Chief Economist & Natalie Denby, CME Group

Highlights:

  • Structural changes slacken U.S. wage, productivity growth
  • Low expected inflation, retiring Boomers & growing Millennial workforce at root
  • Low-paying jobs growth outpacing high-paying jobs post-recession
  • Policy implications include delaying Fed hikes, lowering terminal rate rise