Terri Gerstein
The Progressive Magazine
Inflation is a big problem these days. Prices are rising for everything from bacon to rent to hotel rooms. And while the Federal Reserve announced aggressive measures to curb costs last week, not all economists believe this is the best approach for helping working people.
One thing is clear: rising wages aren’t responsible for recent inflation. In fact, wage growth has actually lagged behind inflation rates, dampening upward pressure on prices.
The lingering low federal minimum wage drags down...
Read more about It’s Time to Raise the Federal Minimum Wage