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Lawrence Mishel

Systematic erosion of workerspower relative to their employers has suppressed US wages Politicians in both US political parties now acknowledge wage stagnation and have adopted narratives claiming that “the system is rigged.” Some focus on the number of immigrants and on what they see as unfair trade with China. Others focus on monopolies charging higher prices and reaping huge profits. There is, however, no agreement on what, and who, rigged the system. In fact, as my new paper with colleagues Josh Bivens and Heidi Shierholz, “Explaining Wage

International Monetary Fund. Communications Department

Worker Power Systematic erosion of workerspower relative to their employers has suppressed US wages Lawrence Mishel The Secret Work of Elephants African forest elephants fight climate change by contributing to natural carbon capture Ralph Chami, Connel Fullenkamp, Tomas Cosimano, and Fabio Berzaghi DEPARTMENTS People in Economics The Accidental Economist Hyun-Sung Khang profile s Michigan State’s Lisa D. Cook , who shows how racism and sexism hurt us all In the Trenches Cracking Down on Corruption The EU’s first anti

Heather Boushey

that could be used to fund basic governmental functions and critical public investments. As a result, public investment as a share of GDP— the value of goods and services produced in the United States in a year—has fallen to its lowest level since 1947. Eroding worker power : The ability of US workers to bargain for higher wages and benefits and better and safer working conditions has been sapped by years of anti-union court and administrative rulings. And in 27 states, right-to-work laws make it harder for unions to form. As employers gained the upper hand, wages

Kristalina Georgieva

Investing in policies for people will help shape a better economy for the postcrisis world

Mr. Ralph Chami, Connel Fullenkamp, Mr. Thomas F. Cosimano, and Fabio Berzaghi

The African forest elephant (Loxodonta cyclotis) is a forest-dwelling elephant of the Congo Basin.