Ultimately, paying people more than poverty wages doesn't just help workers. It strengthens the foundation of our economy and paves the way for growth. But don't expect the Republicans running for President to change their positions and rhetoric.
Tomorrow's December jobs report is the first since Federal Reserve policymakers lifted their target for short-term interest rates off zero. That's a very small step, and policymakers didn't claim that the labor market was fully healed.
If we want to understand why America's wages are growing -- or not growing -- it's important to look beyond U.S. averages to specific industries.
Don't look now, but we should soon have the 30-hour work week as the standard, instead of the 40-hour work week last enshrined during FDR's New Deal. Why, when Americans now work more hours than any other developed country?
It was only to be expected that he wouldn't stand by and watch, knowing him. He is not that type of person. He is simply unable to sit on his hands and do nothing.
While the unemployment rate is respected as the final score and indicator of employment in the U.S., we feel like it is humming along consistent with a commendable 5.6 percent rate of unemployment. Clearly, this is not the only measure that should be considered.
While it is good that 700,000 jobs were not destroyed last night, America needs to be investing to create millions of jobs, not just to prevent the worst.