It only took seven years, but the economy is almost back to normal.
Emphasis on the word "almost." Unemployment, long-term unemployment, and shadow unemployment aren't, as Fed Chair Janet Yellen told Congress on Tuesday, all the way back to where they were before the crisis, but they're getting close. Even better, people are feeling a little more confident about quitting their jobs. Put it all together, and wagesshould start rising more soon, from the anemic 2.2 percent they are now to the 3.5 to 4 percent they should be.
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