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Wage Standard: What's Wrong in the Labor Market and How to Fix It

Wage Standard: What's Wrong in the Labor Market and How to Fix It

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"The go-to guy on minimum wage" (Nobel Laureate and New York Times bestselling author Paul Krugman) tackles one of the thorniest social issues of our times--income inequality--from a new vantage point with field-leading economics.

How did the labor market stop working for so many in the workforce? Why did wages at the bottom and in the middle of the pay scale fail to keep up with a growing economy that delivered over 70 percent productivity gains and soaring incomes for those at the top? What caused this divergence, and what can we do about it now? The Wage Standard is a deep dive into these very questions--questions Arin Dube has explored in over two decades of influential research.

Painting a new picture with data, Dube shows us how wages for most workers became painfully frozen. But also, he argues, this fate was not inevitable, and more importantly, that it can be reversed. The Wage Standard lays bare how the labor market really works, revealing levers to pull to shift course: to reshape corporate decisions, rethink policy priorities, and rebalance economic power and social norms to better protect the typical worker. These are the keys to unlocking broad-based prosperity.

Dube delivers a hopeful message. First, chances are, you deserve a raise. And second, it's not necessary to fix the broken politics of Washington, DC, in order to get one. Political will, public engagement, and persistence can set a new standard to reset the labor market and improve the lives of American workers starting today. In fact, signs of progress are already offering a glimpse of what a fairer economy can and will look like.

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Pub dateMar 31, 2026
ISBN-100593471415
ISBN-139780593471418
LanguageEnglish
Last updated 2026-04-25 03:17
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<p>"Changes In Rates Of Wages And Hours Of Labor" offers a detailed historical analysis of labor conditions in Massachusetts. Compiled by the Massachusetts Bureau of Statistics of Labor and the Massachusetts Bureau of Statistics, this work provides a comprehensive overview of wage rates and working hours during a specific period. It serves as a valuable resource for researchers, economists, and historians interested in understanding the evolution of labor practices and economic conditions within the state. </p><p>This book is meticulously documented with statistical data and insightful commentary, reflecting the bureau's commitment to accurately portraying the socio-economic landscape. Readers will find essential data on wage fluctuations, the prevalence of different working hours, and other critical factors impacting the labor force. This historical document captures a pivotal era in the development of labor standards and policies, making it an indispensable addition to collections focused on labor history and economic trends.</p><p>This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.</p><p>This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.</p><p>As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.</p><br>
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