Nighttime Must-Read: Larry Mishel: American Wages Have Stagnated

…as I think they do, that if they’d leave their current job, they’d get a worse job, then exit does not give you much leverage. So, the single most important policy response right now should be to get to a vigorous full employment. That makes the decisions of the Federal Reserve board over the next few years the most consequential economic policy decisions to be made on wages and income inequality.