Wage Stagnation vs. Living Wages for U.S. Workers Today
Far from earning living wages, most U.S. workers have experienced wage stagnation since the 1970s--a trend largely obscured by political rhetoric and misinformation.
In my most recent blog post, about last night's event at the American Academy of Arts & Sciences, I said I'd wanted to ask James Poterba, the President of the National Bureau of Economic Research, a follow-up question, and that I'd let readers know if I heard back from him by email.
Well--I'm getting a somewhat better impression of him; he got right back to me. Here's my email and his response:
And his response:
So I have a good impression of him for getting back to me so quickly, but I still find it pretty astonishing and disturbing that the financial crisis and recession don't seem to have shaken his market fundamentalism one bit.
—CS