There is now widespread agreement across the political spectrum that wage stagnation is the country’s key economic challenge. Wages for the vast majority of American workers have stagnated or declined since 1979—and wage stagnation’s reach has broadened over the last dozen years to include college-educated workers. This is not a crisis of overall income growth. Over the same period that most workers’ wages have stagnated, economy-wide productivity has risen by 64 percent. In short, the potential has existed for adequate, widespread wage growth over the last three-and-a-half decades—but these economic gains have not trickled down to the vast majority.
The post Economic Policy Institute: The Agenda to Raise America’s Pay appeared first on Coalition on Human Needs.
