One Man’s Opinion: Has Wage Inflation Stalled Because Of Weak Productivity Growth?

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The latest nonfarm payrolls report indicate the economy rebounded in the second quarter, although productivity growth seems to have stagnated for some time now, said Ed Lazear, professor of economics at Stanford University. Creating more jobs without adding to productivity means more people are carving up pieces from the same GDP pie. One of the good things that happened during …