David Salkever received his Ph.D. in economics from Harvard University and spent 33 years as a faculty member in the Schools of Public Health and of Arts and Sciences at Johns Hopkins University and 15 years as Professor in the School of Public Policy at University of Maryland, Baltimore County. He currently holds the title of Professor Emeritus at both schools.
If you thought workers’ hourly pay was finally rising, think again. At first glance, the latest data – which came out on Feb. 7 – look pretty good. They show nominal hourly earnings rose 3.1% in January from a year earlier. But the operative word here is nominal, which means not adjusted for changes in […]