Whether most workers share in the gains from economic growth or we continue to see the massive upward redistribution of income of the last three decades will depend largely on the policies of the Fed. If the Fed allows the unemployment rate to fall back to the levels we saw in the late 1990s, then workers could anticipate substantial wage gains in the decades ahead. Covering the cost of Social Security will pose little problem. On the other hand, if those pushing for higher interest rates get their way, then most workers will not see their wages rise by much. In that case, paying for Social Security through the current payroll tax could be a problem. america.aljazeera/opinions/2014/8/federal-reserve-socialsecurityeconomyjobs.html
Posted on: Thu, 21 Aug 2014 12:43:26 +0000
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