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AP/Jose Luis Magana Federal Reserve officials have long been baffled by the absence of wage growth for median US workers despite a long-standing economic recovery that has sharply lowered unemployment to 3.9%. A new paper offers a convincing hypothesis for the Fed’s conundrum: underemployment and weak bargaining power for workers is more rampant than the […]
Reuters/Carlos Barria Canadian Prime Minster Justin Trudeau said the US, Canada, and Mexico were at a “final dealmaking moment” on the North American Free Trade Agreement. Trudeau said President Donald Trump agreed to meet and hash out final details. But on Tuesday, Trudeau said, Vice President Mike Pence called and requested the inclusion of a […]
