Autor, David H.; Dube, Arindrajit; McGrew, Annie - National Bureau of Economic Research - 2023
90-10 log wage inequality. Wage compression was accompanied by rapid nominal wage growth and rising job … distribution that reflects, in part, an increase in labor market competition. Rapid relative wage growth at the bottom of the … tightness became strongly predictive of price increases (price-Phillips curve), real wage growth among low-wage workers (wage …