For many years, the economic rules were supported by both common sense and the data: when unemployment falls, wages rise soon after. But since the turn of the century and before, that relationship has broken down across the developed world, according to data from the OECD (scroll over the chart below for detail).

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Data: Unemployment and annual wage data from the OECD; Chart: Lazaro Gamio / Axios

Stagnant wages aren't just an American problem: Workers in the wealthier nations are facing similar headwinds, like declining union membership, increased competition from foreign workers in a global marketplace, and slow productivity growth. But no one knows precisely why economics are failing to observe the traditional supply-and-demand rules.

The question is not academic: Frustrated by stagnant income, fears for their children's future, and the deterioration of their towns and cities, ordinary people in the U.S. and across Europe are taking it out on migrants and their traditional politicians, shaking up the western-led political system.

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Mayors plan multifront attack on census shutdown

Illustration: Sarah Grillo/Axios

A growing number of mayors are banding together to fight what they consider to be an inaccurate and abruptly curtailed 2020 census, using an arsenal of legal, legislative and congressional efforts.

Why it matters: The outcome may determine whether President Trump or Joe Biden controls the redistricting process, which governs everything from congressional representation and redistricting to funding for schools and Head Start.

Moderator Kristen Welker will not control mics during final presidential debate

President Trump and Joe Biden at the first presidential debate in September. Photo: Scott Olson via Getty Images

A producer from the Commission on Presidential Debates will manage the operation of the candidates' microphones during Thursday's final presidential debate — not the event's moderator, NBC's Kristen Welker — a source with knowledge of the event told Axios.

Our thought bubble, via Axios' Alexi McCammond: Given President Trump's accusations of partisanship against the other debates' moderators, it makes sense that Welker would want to steer clear of any such optics during her stint in the chair.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: Many U.S. deaths were avoidable — The pandemic is getting worse again.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.