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New York Times Editorial: More Jobs, Higher Pay

The New York Times posted an editorial today highlighting the need for high-paying American jobs, a shift from austerity to investments in our infrastructure and economy and strengthening workers' rights to collectively bargain for a voice on the job. The Times is publishing a series of editorials "on what President Obama and Congress should tackle in the next four years.” Other editorials can be found here

The editorial board writes:

What has been missing for years is a forceful labor agenda—one that calls for more jobs, but also has as its goal rising wages coupled with robust hiring.

Mr. Obama can take an important step in that direction by placing his next labor secretary at the center of his economic team. The first-term labor secretary, Hilda Solis, was largely sidelined, a reflection of the administration’s focus on the recovery of Wall Street, not Main Street. Some of the names that have been floated for the job—including Jennifer Granholm, the former governor of Michigan—show that Mr. Obama is seeking someone of high stature, but any secretary’s ability to be a transformative force will depend on the president’s support.

Part of an effective agenda would surely include a higher minimum wage, which is overdue. It is one of the most effective ways to lift wages because raising the floor also raises wages higher up the income scale. Union membership can also push up wages through collective bargaining. In 2012, even as the share of American workers in a union fell to its lowest level in nearly a century, the median weekly earnings of full-time unionized workers was $943 versus $742 for comparable nonunion workers, according to the Bureau of Labor Statistics.

Read the rest of More Jobs, Higher Pay.

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