Sonny Clark
Diamond Member
- Banned
- #1
The Federal Reserve and Shared Prosperity
Why Working Families Need a Fed that Works for Them
Full employment, shared prosperity, and the Federal Reserve
Full employment is the bedrock of shared prosperity. Working families need jobs to provide income, and full employment ensures that jobs are available for all. Full employment also creates an environment of labor scarcity in which workers can bargain for a fair share of productivity gains, making full employment essential for decent wages. A major factor behind the wage stagnation of the past 30 years is that the U.S. economy has been far from full employment for most of this time.
Full employment is also relevant for union bargaining power, and unions are unlikely to achieve their principal institutional objectives—organizing and bargaining—without full employment. Consequently, full employment should be a major concern of unions for reasons of both social solidarity and institutional interest.
The Federal Reserve and Shared Prosperity Why Working Families Need a Fed that Works for Them Economic Policy Institute
________________________________________________________________________________________
The above article makes for an interesting read, and explains the need for the Federal Reserve to work for ALL Americans, and not just Wall Street and Corporate America. I would suggest and recommend that you read the entire article. It's well written and contains a view of the need for full employment of our work force.
Why Working Families Need a Fed that Works for Them
Full employment, shared prosperity, and the Federal Reserve
Full employment is the bedrock of shared prosperity. Working families need jobs to provide income, and full employment ensures that jobs are available for all. Full employment also creates an environment of labor scarcity in which workers can bargain for a fair share of productivity gains, making full employment essential for decent wages. A major factor behind the wage stagnation of the past 30 years is that the U.S. economy has been far from full employment for most of this time.
Full employment is also relevant for union bargaining power, and unions are unlikely to achieve their principal institutional objectives—organizing and bargaining—without full employment. Consequently, full employment should be a major concern of unions for reasons of both social solidarity and institutional interest.
The Federal Reserve and Shared Prosperity Why Working Families Need a Fed that Works for Them Economic Policy Institute
________________________________________________________________________________________
The above article makes for an interesting read, and explains the need for the Federal Reserve to work for ALL Americans, and not just Wall Street and Corporate America. I would suggest and recommend that you read the entire article. It's well written and contains a view of the need for full employment of our work force.