Capitol Report: Six reasons why most Americans aren’t getting big pay raises

WASHINGTON (MarketWatch) — The typical American worker isn’t getting a big raise each year despite the lowest unemployment rate in 16 years and one of the longest expansions in modern times. And that’s got economists scurrying for answers.

Hourly pay has risen just a smidgen above 2% a year since the economy began to grow again in 2009 following the Great Recession. And even though wage growth has sped up to 2.5% lately, pay usually increases 3% to 4% annually when the economy is as strong as it is now.

Here’s why paychecks may not be increasing as much as expected.

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