Why Wage Growth Is So Slow Even in a Hiring Boom

This is an automatically generated TL;DR, original reduced by 78%.


They also found that 26 percent of the people who get classified as not in the labor force by the Labor Department - those who are not employed and not looking for a job - have actually worked informally in the past two years.

"Our findings indicate that, as formal wages increase in an improving labor market, individuals may switch from informal to formal work," the researchers wrote.

"More important, our data suggest that at least some of this potential labor supply may not be showing up in official measures of labor market slack."


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