The U.S. work force is viewed as increasingly divided between a prosperous minority that enjoys ever-rising wages and a less affluent majority that continuously struggles to make ends meet. To determine whether and why this view of the job market is accurate, labor market economists analyze trends in the distribution of jobs and wages over the past two decades and attempt to forecast the future course of American earnings inequality.
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The U.S. work force is viewed as increasingly divided between a prosperous minority that enjoys ever-rising wages and a less affluent majority that continuously struggles to make ends meet. To determine whether and why this view of the job market is accurate, labor market economists analyze trends in the distribution of jobs and wages over the past two decades and attempt to forecast the future course of American earnings inequality.
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