This is the fourth of a four-part series describing what went wrong with America’s economy and how to fix it. Read Part 1 here, Part 2 here and Part 3 here—and please leave a comment to tell us what you think. (Click the chart to enlarge.)
To fix what’s wrong with the U.S. economy, we have to replace the failed low-wage economic strategy of the past 30 years with a high-wage strategy for shared prosperity.
The first step in such a high-wage strategy is to put America back to work because high unemployment keeps wages down. Our goal should be “full employment,” meaning everybody who wants to work should be able to find a decent job. We can’t allow the unfounded fear of inflation to be used as an excuse to keep unemployment high and wages low.