They state the causes of lower Millennial average pay is an incomplete recovery causing lower participation in the labor market, and lack of unions to force higher wages.
They then go on to say that the Fed should continue depressing interest rates, and that employers should start providing significant parenthood benefits.
I'm not sure with the last two -- continuing to depress capital for businesses and increasing the costs of an employee -- will encourage greater hiring or higher wages.
If it's not profitable to make loans, banks won't provide the capital many businesses need to grow their staff since profits instead have to be more conservatively retained to protect against cash flow fluctuations.
I thought that recent economic research was demonstrating that, when controlled for position and employment type, male and female salaries weren't significantly different. I'm not sure this one makes complete sense as a solution to the problem of employers not hiring people, but I'd definitely be interested to see more analysis on the hypothesis that greater gap coverage for maternity leave could help keep women on track and such, that's particularly cool.
They then go on to say that the Fed should continue depressing interest rates, and that employers should start providing significant parenthood benefits.
I'm not sure with the last two -- continuing to depress capital for businesses and increasing the costs of an employee -- will encourage greater hiring or higher wages.
If it's not profitable to make loans, banks won't provide the capital many businesses need to grow their staff since profits instead have to be more conservatively retained to protect against cash flow fluctuations.
I thought that recent economic research was demonstrating that, when controlled for position and employment type, male and female salaries weren't significantly different. I'm not sure this one makes complete sense as a solution to the problem of employers not hiring people, but I'd definitely be interested to see more analysis on the hypothesis that greater gap coverage for maternity leave could help keep women on track and such, that's particularly cool.