The U.S. Economy Is Suffering from Low Demand. Higher Wages Would Help
Harvard Business Review
FEBRUARY 21, 2018
Target raised its minimum wage to $11 this past fall and committed to $15 by 2020. Economic growth has been stuck in low gear for almost a decade now, averaging around 2% a year since 2010 while productivity growth, the key to increasing living standards, has been languishing near historic lows since the financial crisis.
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