Why Can’t Americans Get a Raise?

Why Can’t Americans Get a Raise?

7/18/2017

link

http://www.slate.com/articles/business/moneybox/2017/07/why_can_t_americans_get_a_raise.html

summary

This article discusses the stagnant wages and lack of wage growth in the United States. It examines various factors contributing to this issue, including the decline in labor unions, the rise of automation and globalization, and the economic policies favoring corporations. The article argues that despite a growing economy and low unemployment rates, many Americans are not seeing significant increases in their wages. It highlights the imbalance of power between workers and employers, resulting in a lack of bargaining power for employees. The article concludes by suggesting potential solutions, such as strengthening labor rights and implementing policies that promote higher wages.

tags

wage stagnation ꞏ income inequality ꞏ labor market ꞏ economic policy ꞏ job market ꞏ american economy ꞏ worker rights ꞏ minimum wage ꞏ productivity ꞏ cost of living ꞏ income growth ꞏ economic inequality ꞏ wage growth ꞏ employment ꞏ job insecurity ꞏ economic trends ꞏ working conditions ꞏ labor unions ꞏ corporate profits ꞏ middle class ꞏ wealth gap ꞏ job opportunities ꞏ economic prosperity ꞏ economic mobility ꞏ economic challenges ꞏ job security ꞏ working class ꞏ economic analysis ꞏ poverty ꞏ economic fluctuations ꞏ economic recovery ꞏ economic indicators ꞏ economic system ꞏ economic well-being ꞏ economic hardship ꞏ economic statistics ꞏ economic development ꞏ economic disparities ꞏ economic factors ꞏ economic reforms ꞏ economic theory ꞏ economic models