This paper summarizes evidence for the existence of a wage curve - a downward-sloping relationship between the level of …

potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since … not working significantly reduce wage pressures in the United States. This finding holds in panel data with state and year …