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Wages are rising, slowly. There are two components, though. The total is hourly wages times the number of hours worked. The majority of the wage growth has come from people working more hours. Hourly wages have gone up, but by even less than expected. This trend makes sense when connected with another trend: Americans have longer work weeks and spend less time on vacation or sick days than most of the industrialized world. There are only 24 hours in a day, so there is a limit to the major contributor to wage growth.

(Click on the chart for the link.)

“Longer Hours, Not Higher Wages Have Driven Earnings Growth” – Economic Policy Institute

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