Summary of Thirteen Facts about Wage Growth

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Thirteen Facts about Wage Growth summary
Start getting smarter:
or see our plans

Rating

8 Overall

9 Importance

7 Innovation

8 Style


Recommendation

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:


More on this topic

By the same authors

The Geography of Prosperity
The Geography of Prosperity
8
Where Does All the Money Go
Where Does All the Money Go
8
Lessons from the Rise of Women’s Labor Force Participation in Japan
Lessons from the Rise of Women’s Labor Force Participation in Japan
8
Occupational Licensing and the American Worker
Occupational Licensing and the American Worker
7
If You Build It
If You Build It
8
Nine Facts about the Great Recession and Tools for Fighting the Next Downturn
Nine Facts about the Great Recession and Tools for Fighting the Next Downturn
8

Customers who read this summary also read

World Economic Outlook October 2016
World Economic Outlook October 2016
8
World Economic Outlook April 2016
World Economic Outlook April 2016
7
World Economic Outlook April 2017
World Economic Outlook April 2017
7
The Disappointing Recovery of Output after 2009
The Disappointing Recovery of Output after 2009
9
The Eurozone’s Hidden Strengths
The Eurozone’s Hidden Strengths
8
Capitalism is losing support. It is time for a new deal
Capitalism is losing support. It is time for a new deal
8

Related Channels

Comment on this summary