BREAKING: Paying Employees Might Help The Recovery
From the National Bureau of Economic Research:
Yes, lots of problems remain. But the economic declinists are willfully turning a blind eye to some pretty important and fundamental shifts in the U.S. over the last several years… Government assistance, the impulse toward regeneration, and a rapidly growing global economy have brought the U.S. a great distance in the past four years. But if the economy is going to enjoy another 48 months of growth, the private sector will have to do its part.
The next form of stimulus — the only remaining form of stimulus – will have to come from companies. We don’t need America’s bosses to do anything radical like double the wages of their employees, as Henry Ford did nearly a century ago. They just have to rechannel a portion of the cash earmarked for dividends, stock buybacks, and executive compensation into paychecks.
Nothing radical, though.