Stories

Profit-laden companies are resisting bigger wage hikes

Amid the tightest labor market in a generation, long-strapped Americans are seeing only small wage hikes, and economists say companies seem determined to hold onto wide profit margins for as long as they can before forking over more to workers.

Wages rose much more steeply in the late 1990s, the last time unemployment was as low as now. Data: BLS, BEA, Jared Bernstein analysis; Chart: Axios Visuals

Why it matters: Stubbornly flat wages and living standards are one reason for broad political disgruntlement in the U.S.