Research from the Economic Policy Institute points to potential causes of wage stagnation and the resulting economic inequality. This dismal wage growth is the result of intentional policy choices made on behalf of those with the most income,
wealth, and political power. As explained below, these choices fall into five broad categories: the abandonment of full
employment as a main objective of economic policymaking, declining union density, various labor market policies and
business practices, policies that have allowed CEOs and finance executives to capture ever larger shares of economic
growth, and globalization policies. Collectively, these policy decisions have shifted economic power away from low- and
middle-wage workers and toward corporate owners and managers.
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- Copyright 2015 Economic Policy Institute.
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