7/21/2014 – Yellen Wage Gauges Blurred by Boomer-Millennial Shift

As today’s middle-aged Americans grow older, they are leaving their prime working years behind, trading big salaries for part-time gigs or retirement, just as an even larger group of young people come into the labor force at entry-level salaries. The seismic shift may be one reason behind the sub-par wage growth that Yellen says still shows “significant slack” in the job market.

Read the full article at Bloomberg.