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One simple question—Are wages rising?—is as central to the health of our democracy as it is to the health of our economy. For the last few decades, the U.S. economy has experienced real wage stagnation. On February 28, The Hamilton Project at the Brookings Institution hosted a forum to explore the most effective policy options to revitalize wage growth.
One simple question—are wages rising?—is as central to the health of our democracy as it is to the health of our economy. This book presents evidence and analysis that detail why wages have been stagnant for so many workers, while also identifying public policies that could effectively contribute to the growth in productivity and wages that are core parts of improving living standards for all Americans. These proposals include greater support for policies that increase human capital, boost worker mobility, strengthen worker bargaining power, and sustain robust labor demand.
For most of the period since the 1970s the United States has suffered from two trends: stagnant wages for most workers and rising inequality. In this paper, Heidi Shierholz focuses on the erosion of labor standards, institutions, and norms that has reduced the bargaining power of low- and moderate-wage workers. She proposes a suite of remedies to help strengthen worker bargaining power and increase wages.