May 21, 2015

Broad-Based Wage Growth Is a Key Tool in the Fight Against Poverty | Economic Policy Institute

Broad-Based Wage Growth Is a Key Tool in the Fight Against Poverty | Economic Policy Institute

"That the poverty rate has remained stubbornly elevated over the last three-and-a-half decades is simply a symptom of an increasingly unequal economy, marked by nearly stagnant hourly wages for the vast majority of the American workforce. The elevated poverty rates we have seen since the 1980s are not the sad outcome of inevitable and irreversible changes in the economy, but of policy choices that have weakened the position of low- and moderate-wage workers while putting more leverage in the hands of those with the most economic power."