Weighing In on Wage Inequality
Today's New York Times leads off with a good story by David Leonhardt and Steve Greenhouse on the failure of wages to keep up with productivity. Or in other words, corporations are reaping record profits but an all-time low percentage of these gains are going to workers. In years past, some economists had pointed to the fact that overall compensation (including increasing health care costs) was still beating inflation. But now even this is not true.
The question is whether any of this will translate to a change in power in Washington. For that to happen, voters will have to think that Democrats would take action to reverse the trend. On this count, can voters really be sure? In the global economy, it's not easy for governments to help workers take on the so-called "China price." The challenge is to point out the things that the federal government could do to give workers all through the bottom and middle the economic ladder a fairer share of the pie
The question is whether any of this will translate to a change in power in Washington. For that to happen, voters will have to think that Democrats would take action to reverse the trend. On this count, can voters really be sure? In the global economy, it's not easy for governments to help workers take on the so-called "China price." The challenge is to point out the things that the federal government could do to give workers all through the bottom and middle the economic ladder a fairer share of the pie
- Raise the minimum wage
- Rollback the Bush Administration's reduction of overtime protections for middle and higher wage workers
- Support fairer trade policies
- Pass legislation allowing for card-check neutrality in union elections
- Use moral suasion and the bully pulpit to bolster efforts to unionize growing service industries like private security, building services and hospitality
- Vigorously enforce wage and hours laws, including frequent violations of people being forced to work off the clock
- Provide immigrants with a pathway to legalization, so employers can't abuse their undocumented status to drive down wages
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