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Morning Must-Read: Larry Mishel: Even Better Than a Tax Cut - Washington Center for Equitable Growth

Lawrence Mishel: Even Better Than a Tax Cut: “The challenge is to ensure that a typical worker’s wages… …grow along with profits and productivity. There is no silver bullet, but the key is… to reverse decades of decisions that have undercut wage growth. We need to start with monetary policy…. The most important decisions… are those of the Federal Reserve Board…. Before raising rates, it is essential we achieve a robust recovery, with roughly 3.5 to 4 percent annual [nominal] wage growth…
#Macroeconomics #Monetary-Policy #Federal-Reserve #Larry-Mishel #Wage-Growth - equitablegrowth.org