Income Inequality: Difference between revisions
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[https://www.pbs.org/newshour/economy/a-sign-of-stubborn-inequality-u-s-salaries-recover-even-as-jobs-havent by Christopher Rugaber 12/2/21 PBS NEWS] | [https://www.pbs.org/newshour/economy/a-sign-of-stubborn-inequality-u-s-salaries-recover-even-as-jobs-havent by Christopher Rugaber 12/2/21 PBS NEWS] | ||
WASHINGTON (AP) — In a stark sign of the economic inequality that has marked the pandemic recession and recovery, Americans as a whole are now earning the same amount in wages and salaries that they did before the virus struck — even with nearly 9 million fewer people working. | WASHINGTON (AP) — In a stark sign of the economic inequality that has marked the pandemic recession and recovery, Americans as a whole are now earning the same amount in wages and salaries that they did before the virus struck — even with nearly 9 million fewer people working. | ||
=====Instead of Blaming Policymakers for High Prices, Thank Them for High Wages===== | |||
[https://www.commondreams.org/opinion/inflation-wage-growth-policy by Josh Bivens 10/10/24 Common Dreams] | |||
This labor market strength was also 100% a policy choice. Unlike previous business cycles, policymakers passed fiscal relief and recovery measures at the scale of the shock, and it proved that low unemployment could be restored very quickly after recessions so long as this policy lever was pulled with enough force. | |||
