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

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