The job market in the U.S. is improving in nearly every way except, perhaps, in the area Americans care about most.
August's jobs report was released Friday, and it showed the hourly pay in the country only increased two percent each year since the recession ended in 2009.
Unemployment, on the other hand, is almost to a normal standing at 6.1 percent, according to the report.
"This is the primary economic and policy puzzle facing policymakers right now: Why have wages remained so low in the face of an improving economy?" Joe Brusuelas, chief economist at McGladrey, a tax and accounting firm, explains to The Associated Press.
Some economists say more companies aren't hiring as many full-time workers. Instead, they take on more part-timers, usually at lower wages, AP reports.
Today a separate survey of graduates from Harvard Business School was released that shows businesses would prefer to invest money in technology than workers. The survey also found over 40 percent of the participants believe wages and benefits are going to decrease over the next few years.
