Summary of Thirteen Facts about Wage Growth

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Thirteen Facts about Wage Growth summary

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While some observers are quick to blame trends like globalization and technology for stagnating wage growth in the United States, it turns out that there is much more to this story. Policy professionals at the Brookings Institution’s Hamilton Project look into what’s behind this phenomenon and offer a comprehensive and well-presented narrative on this issue, while also including some policy suggestions on how to combat sluggish pay growth. getAbstract recommends this succinct and accessible summary to policy experts, employers and employees.

In this summary, you will learn

  • What factors influence US workers’ wage growth,
  • Why pay hasn’t risen much for some groups in recent decades and
  • What policy makers can do to positively affect compensation.
 

About the Authors

Jay Shambaugh et al. are policy professionals with the Brookings Institution’s Hamilton Project.

 

Summary

From 1973 to 2017, American workers’ real wages increased by less than 0.2% per year, on average. Thirteen factors account for the slowing of pay increases in the United States:

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