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...
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