Why Wages Aren’t Growing
Why does everyone jump to &quot;demise of unions&quot;?  There is a far simpler explanation.  For decades official government policy (especially in the us and Japan) has been job creation.  Have you ever heard of a politician that hasn&#x27;t advocated for job growth? The policy tool deployed to create jobs has been to use the central bank (via its mandate to maintain employment) to inflate the currency.  Inflation works to goose employment by decreasing the real cost of labor (because, sticky wages). [0]<p>Wages are not growing because of a policy to screw labor out of its earnings, and the policy is working.  No reason to impute other mechanisms or make things unnecessarily complicated.<p>[0]<a href="https:&#x2F;&#x2F;krugman.blogs.nytimes.com&#x2F;2010&#x2F;02&#x2F;13&#x2F;the-case-for-higher-inflation&#x2F;" rel="nofollow">https:&#x2F;&#x2F;krugman.blogs.nytimes.com&#x2F;2010&#x2F;02&#x2F;13&#x2F;the-case-for-hi...</a>