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4 years ago

Longest economic expansion post-recession leads to significant real wage growth.

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The Annals of the American Academy of Political and Social Science
The Recovery from the Great Recession: A Long, Evolving Expansion
Jay Shambaugh, Michael R. Strain

Paper Summary

The Great Recession was a tough time for the US economy, with many people losing jobs and homes. It took a long time to recover, but eventually, real wages grew for workers. The recovery period after the recession actually saw some of the best wage growth in decades.

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