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Howard D. Schultz

Our long stagnant-paycheck nightmare may finally be nearing an end

Our long stagnant-paycheck nightmare may finally be nearing an end

For millions of Americans, a reminder of the economic damage of the Great Recession has arrived every week or two for years — in their paychecks.

Painfully slow wage growth has plagued the recovery, with many workers seeing few if any raises as they struggle to make ends meet. But there are signs that has started to change.

The falling unemployment rate has led to more competition for workers, spurring solid gains in average hourly earnings in recent months.

Those pressures, amplified by laws providing significant minimum-wage hikes in California, New York and elsewhere, also are triggering changes for the workers who need...

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