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Wage Gains

For months, economists have puzzled over low wage growth in the context of low unemployment.  The nation’s official rate of unemployment recently hit a 16 year low, but average hourly earnings are only up about two and a half percent over the past year, well short of the three and a half percent that typifies a solidly performing economy. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.