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Wage gains creeping along in G-7 countries

Until now, policymakers have blamed the paucity of wage gains on existing economic slack. But that explanation is starting to look weak.


UNEMPLOYMENT is falling almost everywhere. Wages aren't rising much anywhere.

From York, UK to Montreal, and Osaka to Seattle, it's a pretty good time to be looking for a job as a member of the labour force in many developed countries.

Unemployment rates in the...

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