U.S. Economic News
December 27, 2019
U.S. News
The Wall Street Journal reports that wages for nonsupervisory, rank-and-file workers are rising at the fastest pace in more than a decade, a sign that the U.S. labor market has tightened sufficiently to result in pay increases for lower-paid employees. Pay for the bottom 25% of wage earners rose 4.5% in November compared to a year earlier, while wages for the top 25% of earners rose 2.9%. WSJ
David Lynch reports for the Washington Post that although the “Phase One” trade agreement has created the appearance of closer relations between the United States and China, the two countries are still heading towards a partial economic divorce as they pursue policies aimed at reducing mutual technological and economic dependence. Even as trade talks show signs of progress, Washington is preparing new regulations to further restrict exports of advanced technologies to China, while Beijing has stepped up efforts to reduce Chinese reliance on American technology suppliers. WaPo