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June 15, 2018

Weak pay growth puzzles even Fed chief

  • Higher wages are now concentrated at exceptionally profitable tech darlings, while workers at many less profitable firms are being left behind.
    • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — Halfway through a news conference Wednesday, the head of the world's most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere:

    When will people finally start getting meaningful pay raises?


     
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