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Low Unemployment Doesn’t Increase Wages Like It Used To
Posted On: Oct 04, 2017
Oct. 4, 2017 | WAGES | ...Getting American wages to rise, then, will take more than just reducing unemployment, or even moving close to a full-employment economy, important and necessary though that may be. It will take trade policies that counter the mercantilism of lower-wage nations. It will take a wholesale rewriting of labor law so that it applies to workers in all manner of employment arrangements, that gives those workers the power to bargain for all the workers in entire sectors of the economy, and that provides some kind of tangible governmental incentive for workers to join unions… prospect.org
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