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Employers are courting less-educated workers — finally — but they aren’t offering pay increases
October 3, 2018 /
Federal Reserve Bank of New York economist Gizem Kosar may not have cracked the Case of the Missing Wage Growth yet, but she has found a promising lead.
In the July release of labor market data from the bank’s Survey of Consumer Expectations, Kosar and analyst Kyle Smith noticed something surprising: Workers without a bachelor’s degree are switching jobs at the highest rate since the thrice-yearly survey began in 2014, but their salaries have fallen slightly in the past year.
By Andrew Van Dam
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Posted in: Regional Business News
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