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Jobs galore but when will wages finally pick up?

Reuters  |  LONDON 

By William SchombergLONDON (Reuters) - In 2014, a few days after she took over as chair of the U.S. Federal Reserve, Janet Yellen admitted that she could not fathom the "very worrisome" trend of weak wage growth for American workers.Now, as she nears the end of her four-year term, the problem remains a mystery, and not only in the United States.In many countries, more people are in work than before the global financial crisis as the world economy racks up its strongest growth since 2010. But pay, which would normally rise more quickly as employers compete for staff, is rising painfully slowly ...

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First Published: Fri, December 01 2017. 19:43 IST