© 2022 WYPR
20th Anniversary Background
WYPR 88.1 FM Baltimore WYPF 88.1 FM Frederick WYPO 106.9 FM Ocean City
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Economic Growth and Employment

_ap_photodavid_goldman__file_.jpg
David Goldman/AP
/

In light of falling unemployment rates, economists have been predicting faster wage growth.  The logic is obvious.  With fewer available jobseekers, expanding employers need to offer more money to fill job openings. 

Moreover, as demand for workers expands, more current employees are likely to be lured to other firms, but only if those other employers offer higher compensation.  All of this serves to expand wages, but rather than accelerating, growth in American wages has been leveling off recently. 

Listen for more.

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.