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But figures obtained last week by Labour show just how much wages for young people are under pressure.
But a substantial gap in how much wages are expected to increase this year showed a divide between lower- and higher-income households.
On the other hand, it could subject employers' wage decisions to much the same uncertainty that affects investment choices: firms would then be more likely to misjudge how much wages should rise.
This is probably true, but the effect is so modest that after thousands of studies, reputable economists have not been able to agree upon how much wages are reduced or even if they are at all.
Meanwhile, America's jobless rate, 4.6% in January, has been head-scratchingly low for some time; and measures of labour costs, such as the annual growth of hourly compensation or the employment cost index compiled by the Bureau of Labour Statistics, have ticked up.By how much wages will rise and whether they are passed through into prices is an open question.
Another way of looking at the long-term real-wages figures is to look at the absolute level rather than the growth rate (taken from chart A48 on this link) which makes it clear how much wages have gone up since the late 18th Century, but also highlights how unusual the past 10 years have been.
Similar(53)
The main reason Social Security taxes aren't sufficient to pay full benefits is that the system did not anticipate the extreme growth of inequality in earnings and how much of wages would be diverted to pay health insurance back in 1983 when the Social Security tax was last raised by Congress and the President.
Within two years, he recruited more than 500 construction workers to join the union, mainly by showing them how much better wages and benefits were for unionized workers.
That is how much minimum wages will go up in several states if voters in those places approve ballot initiatives this November.Although there is a federal minimum wage of $5.15 an hour, each state can set the level higher if it wishes, and 18 states had done so before this year (see table).
Just how much the wages will climb is a matter of dispute.
Target shares fell 2% early Monday morning as investors worried about how much the wage hike would hurt the bottom line.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com