Census Bureau report for 2017 shows that while all race and ethnic groups shared in the growth in median household incomes during the previous two years, that trend abruptly ended for African American households in 2017.
This assault on typical workers’ bargaining power in recent decades has indeed made it harder to spark wage growth. But this doesn’t mean that you give up—it means you try harder!
Poverty is deepening, the standard of living is declining in the US, wages remain stagnant and inequality is worsening. Meanwhile the national unemployment rate has hit historically low levels. What explains this anomalous state of the US economy?
Even after extensive research has been done to show the gender pay gap exists (and persists), some skeptics refuse to believe the data. The infographic shows some of the most common criticisms of the gender wage gap and rebuts the “mansplainers” with data.
A universal basic income would shore up the market. We need ideas that shrink it.
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Essentially, the only thing that seems to qualify as “highly visible in the data” regarding corporate rate cuts is that they send a lot of money to the top of the income distribution.
These Americans face growing competition from abroad.
Policymakers who are sincere about boosting wages would heed the advice of Mishel and Eisenbrey (2015), and undertake policy measures to redistribute economic leverage and bargaining power away from capital owners and corporate managers and back to low- and middle-wage workers.
Labor leaders in the U.S. have made it clear they are supportive of a NAFTA overhaul — but only if it helps eliminate the wage gap with Mexico and includes Canada’s long-shot demands for labor reform.
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