Workers’ Wages Rebound, While Wall Street Squirms
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Verizon employees picketing in Manhattan in April. A tentative agreement reached last Monday between the striking unions and the company would give workers a nearly 11 percent pay raise over the term of a four-year contract. CreditNicole Bengiveno/The New York Times
Wall Street hasn’t had much to cheer about lately. But there are some signs that rank-and-file workers do.
You might not think so, given a very weak government jobs report on Friday, yet many employees have actually been climbing out of the financial hole in which they have been mired since the Great Recession.
Where the economy is heading now isn’t clear. But consider the overall picture since the recession ended in 2009. Until about a year ago, big businesses and investors prospered, despite extremely slow economic growth, while wages for most employees languished…
Workers’ Wages Rebound, While Wall Street Squirms
