Afternoon Must-Read: Larry Mishel: The Wage Message
…in my view has collapsed. It has very little to contribute to the understanding over inequality over the last 20 years, and is not the basis for thinking about the future so much.
That said, these are caveats to what Larry says, not disproofs of it…
muchany purchase on rising inequality since the mid-1990s, any labor-force strategy that spends money and gets people to complete college is still a very high-return human capital investment, no?