You Deserve a Raise Today. Interest Rates Don’t.


Photo Credit Alex Nabaum For most Americans, paychecks determine living standards. Unfortunately, wages in America have long stagnated or declined for most working people, including college graduates .

The disappointing employment report for August — in which wage growth showed no sign of accelerating — only drove home that reality.

Worse, flat or falling pay is self-reinforcing because it dampens demand and, by extension, economic growth. In the current recovery, median wages have fallen by 3 percent, after adjusting for inflation, while annual economic growth has peaked at around 2.5 percent. At that pace, growth isn’t able to fully repair the […]