Shift to Benefits From Pay Helps Explain Sluggish Wage Growth

How much of the sluggish increase in wages is because employers are moving to benefits? The WSJ reports that:

U.S. employers, slow to reward workers with higher pay, have been quicker in recent years to offer signing bonuses, more paid time off and other perks.

The move toward benefits over pay provides a few clues that help explain a chief mystery of the current expansion: the unusually sluggish growth in wages.


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