Good News: Labor Compensation Is Finally Starting to Rise

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When I was making a case this morning that America is actually in pretty good shape, probably the biggest pushback I got was about wages. And I agree that on the economic front, that’s still our biggest problem. Unemployment is relatively low, but thanks to modest GDP growth and the long-term unemployed continuing to re-enter the workforce, the labor market hasn’t been tight enough to push wages up.

Still, the news isn’t entirely bad on this front. Cash wages remain pretty sluggish, but total compensation has risen nicely over the past five quarters. If this keeps up—and if health care costs continue to rise slowly—this will start to spill over into hourly wages. There are still plenty of things that could go wrong, and the weak growth of middle class wages remains our biggest long-term challenge, but there’s at least a glimmer of hope on this front. We may finally be truly starting to recover from the Great Recession.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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