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So Where Are Those Raises?
One of the big debates over the Federal Reserve's extraordinary stimulus policies focuses on wages: Some would like to see them growing faster, while others worry that raises could trigger an inflationary spiral. Whatever your perspective, the latest data from the Labor Department don’t show much evidence of wage acceleration. Overall, the pace of wage growth in the private sector has been remarkably slow and steady: Hourly earnings rose at an annualized rate of 2 percent over the past three months, roughly the same as over the past year and since the beginning of the recovery in mid-2009. That's just enough to ... (full story)