Why Is Wage Growth So Slow? Part II

5/4/16
 
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By Pam Villarreal,

from NCPA,
5/3/16:

Yesterday, I elaborated on a WSJ article and some historical data highlighting slow wage growth. While some policymakers may just shrug and insist that slow wage and GDP growth are the “new normal,” others seem to believe that simply waving the magic $15 minimum wage wand will fix everything. Both are wrong. Here is what could and should be done, regardless of what side of the political aisle we’re on:

  • Corporate tax reform now.
  • Wage and benefit flexibility now.
  • Flexible health plans now.
  • Less regulatory burden now.
  • Support high-paying jobs, dirty jobs and skill enhancements now.

This might be a start to jump-starting wage growth and GDP growth. Or maybe I’m just being unreasonable. At any rate, we don’t have to accept the new normal.

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