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this post was submitted on 23 May 2024
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We are not in a recession. The problems with wage stagnation are not some temporary hiccup in the economy. It is a systemic problem. Stop conflating the two, complaining that a macroeconomic term with a very specific meaning isn't defined the way you want it to be. Stop expecting the problem to heal itself if the fed lowers rates or taxes get nudged up or down or whatever. We know how to fix wage stagnation because we have done it before. Regulation. Labor protections. Minimum wage increases. Wage stagnation occurs in the absence of these things, and they can only be done by Congress.
Minimum wage increases should be tied to congressional wage increases.
Total compensation packages including benefits derived from speaking engagements, endorsements, discounts for family members, and insider trading. Have multiple independent auditing agencies produce numbers and make it a ten year federal offense prison sentence to take a bribe for determining it.
Agree, while we're not there, progress is being made.
https://www.epi.org/publication/bidens-nlrb-restoring-rights/
there is no war in ba sing se.