Robert Samuelson Wants the Fed to Raise Interest Rates and Throw People Out of Work

Yes, what else is new? The basic story is that Robert Samuelson has discovered a wage series that shows, "many workers are actually receiving modest increases." Samuelson tells readers:

"the study [the one showing modest wage growth] exerts pressure on the Fed to raise interest rates."

The series that has Samuelson so excited is a wage series that tracks the same workers over time. It looks at full-time workers and compares their wages this year with their wages last year. It will exclude any...