Federal Reserve Chairman Jerome Powell told Congress this week he expects a strong labor market to finally boost US wages on a sustained basis. Low job quality and uncertain work arrangements are two reasons Powell's optimism could be premature. "One in four jobs in the US is in a low-wage occupation, which means that at the median salary, these jobs pay below the poverty threshold for a family of four," according to the Fed's Community Advisory Council. A closer look at employment and wage...


Become a member to take advantage of more features, like commenting and voting.

  • You Might Also Be Interested In

Jobs to Watch