Economists Lawrence Mishel and Ross Eisenbrey of the Economic Policy Institute note that wages in the United States have stagnated for years, even for college-educated workers, while productivity has soared. That’s probably the only point in this paper that will win agreement from fiscal conservatives. Much of the advice here – such as raise the minimum wage and offer paid leave, but skip the tax cuts – falls along partisan lines. Though always politically neutral, getAbstract recommends this report for the way it deftly limns critical wage and growth issues.
In this summary, you will learn
- How policy makers can boost employment in the US, and
- What effect various policies would – or would not – have on creating jobs and increasing wages.
About the Authors
Lawrence Mishel and Ross Eisenbrey are president and VP of the Economic Policy Institute.