What's Happening With Wages?

A couple of interesting notes out on wages today: As background, we've long argued that getting wages and incomes up was the primary governing challenge of the day, going back to the Bush economy that saw wages stagnate and incomes decline. 

David Leonhardt from the New York Times points out that wages are actually increasing in the recession for those who are employed. But those who aren't are having an incredibly hard time finding a new job. Employment churn seems to be at quite the low.

Mark Thoma excerpts the latest Economic Outlook from the San Francisco Federal Reserve, which sees "anemic recovery" and "weakness in wage growth." Not good.

For more on the politics of incomes and wages, take a look at Simon's recent essay on focusing national attention on creating a new economic strategy for America.