Wage Stagnation: Solutions Increase Price Paid U.S. Workers Increase Value of U.S. Workers
See
Current Political Economy Issues
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3 Changes 1. Limiting Foreign Imports Provides Funds
Higher US Product Price
2. Distribution
More Factor Cost to Wages
Choices:
3. Government Redistribute of Income
Ronald Reagan, Bush 2, Trump chose #3 |
Increase Minimum Wage
Reduce Supply of Foreign
Workers
2. Fewer Skilled Immigrants Mad Skillz, WSJ
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"Low-skilled jobs are
getting harder to fill. The number of unfilled jobs in the U.S. grew by
1.02 million at the end of October from a year earlier. More than a
third of the new openings were in two fields typically packed with
entry-level positions:
accommodation and food service, and retail, Eric Morath reports.
That suggests steady hiring and low unemployment is allowing workers of
all stripes to look for higher-paying jobs in other industries. Editors Note: Mass deportation would have the same result, higher wages in industries they view as more secure with better room for advancement,” says ZipRecruiter's Julia Pollak.
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2. Increase Value of U.S. Workers 1. Invest in Appropriate Education 5. Academics Not Always the Answer 1. Invest in Appropriate Education
High
Value Added Jobs Pay
More But
Please Share |
By Definition, High Debt Means Inappropriate Education
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Mandatory Work Programs Are Costly,
GED Doesn't
Affect Employment and Earnings
Apprenticeship Programs Help
Suggestion: A Returning
President First Budget Should Use
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Local Community Prioritize Goals
Make Use of
Leader Educational Advise
Basic Truths Needed
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Exam Schools
First 2-years
go locally at a public school
Top Coding Boot Camps
vs. College
Accelerator
companied requiring
Nanodegree Only wealthy and very academic students
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Other available formats: (XLSX) |
Editor's Note:
We Have a No Jobs Problem!
"...the idea that you can just have better
training and then there are all these jobs, all these places where there
are shortages and we just need the trained people is fundamentally an evasion." " The core problem
is that there aren't enough jobs. If you help some people, you could
help them get the jobs, but then someone else won't get the jobs. "
Lawrence Summers,
The
Future of Work (2015)
Recent Salary Data
In it's most recent survey, the National Association of Colleges and Employers found that for 10 broad degree categories ranging from engineering to communications, 2016 graduates are projected to have an average salary of $50,556. That’s up 5% from 2014, when new grads earned an average of $48,127