1550 S State
America’s #1 Problem: Low Wages
Henry George School of Chicago
Tue, November 29, 2016 6:00 PM – 8:30 PM
Between 1948 and 1973, Americans’ real wages rose almost as fast as their productivity. After 1973, productivity grew 147% but wages rose only 19%. This raises two questions:
If workers getting less, who is getting more?
Is there a way to restore the balance?
To solve the problem of poverty, and the many other problems that follow from it, ordinary workers need higher wages. George Menninger describes how to raise wages without interfering in the free market and without taking anyone’s earnings.