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Expand chart
Data: Bureau of Labor Statistics; Chart: Axios Visuals

Work in the United States is a mixed bag: in many cases, you can get a job if you want one, even if you're a convicted felon, a former opioid addict, or have no resume to speak of. But if you are outside higher-skilled occupations, don't expect much in the way of outsize wages — or pay increases as time passes.

What's happening: In reports yesterday, the government said the U.S. economy is roaring into 2019 — but not wages.

  • Month-to-month employment growth, at 304,000 in January, was some four times the 60,000-80,000 required to absorb new entrants to the work force, the Bureau of Labor Statistics reported.
  • That was the 100th straight month of job growth — by far the longest streak since the number has been tracked in the 1930s.

And the economic expansion is now just five months shy of a record. As one example, factory production picked up steam last month, rising to 56.6 on the Institute for Supply Management Index (above 50 means expansion), up from 54.2 in December.

  • "Usually, as expansions go on, they slow down a little bit. But it's really unclear when that is going to happen," said Martha Gimbel, research director at Indeed's Hiring Lab.
  • "Job seekers are still in the driver seat," said Andrew Chamberlain, chief economist at Glassdoor, the jobs site.

But, but, but: Though wages grew by 3.2%, or 1.3% after accounting for inflation, that is about half what it should be, said Joe Brusuelas, chief economist at RSM.

  • "At this point in the business cycle, we traditionally have 4% to 5% nominal wage gains," he said, and about 2.5% after inflation.
  • "It was another month of anemic gains in hourly wages," Brusuelas said.

Like a growing number of economists, Brusuelas blames monopsony wage-setting power enjoyed by large companies that dominate metropolitan population areas. "They are so large, they are able to set a prevailing wage" that other companies then follow, he said

The bottom line: "Large behemoths essentially set wages," Brusuelas said. "This creates a ceiling that wages are simply not going to move above."

Go deeper: Now hiring — ex-cons, drug users, and indebted grads

Go deeper

Scoop: Trump-backed Perdue says he wouldn’t have certified Georgia 2020 results

Perdue at a December 2020 campaign event in Columbus, Ga. Photo: Elijah Nouvelage/Getty Images

Georgia gubernatorial candidate David Perdue wouldn’t have signed the certification of the state’s 2020 election results if he had been governor at the time, the former Senate Republican told Axios.

  • “Not with the information that was available at the time and not with the information that has come out now. They had plenty of time to investigate this. And I wouldn’t have signed it until those things had been investigated and that’s all we were asking for," he said.

Why it matters: There has been no evidence widespread fraud took place in Georgia's elections last year and the November results were counted three times, once by hand.

Beijing Olympics: These countries have announced diplomatic boycotts

Photo: Zhang Qiang/VCG via Getty Images

Several countries, including Canada and Australia, have announced they will join the U.S. in a diplomatic boycott of the 2022 Beijing Winter Olympics to protest human rights abuses committed by China's government.

Driving the news: Leaders have faced pressure from human rights groups and others to boycott the Games, pointing to the ongoing genocide of Uyghurs and other Muslim minorities in China's Xinjiang region and other abuses.

Biden directs federal government to become carbon neutral by 2050

President Biden speaking to reporters outside of the White House on Dec. 8.

President Biden signed an executive order Wednesday that requires the federal government achieve multiple goals related to reducing its carbon emissions, including achieving net-zero emissions by 2050.

Why it matters: Meeting the objectives of the order would require a massive investment by the federal government to buy electric vehicles, upgrade buildings and change how it procures electricity.