, Columnist
Wage Growth Isn't So Sluggish After All
Unless you're a baby boomer.
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Baby boomers can be forgiven for thinking that the world revolves around them, because the U.S. economy actually has. Until now.
As boomers left the nest and formed households in the 1970s and 1980s, they contributed first to inflation, and later to strong economic growth. In mid-life in the 1990s and 2000s, they bought stocks and houses -- driving the growth of the equities market and housing prices. And now, as they retire in droves, they're throwing U.S. economic data into Bizarro World.