Word: stagnant
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...candidate who shall remain nameless was faced at a speech in a factory with the question of why industrial wages remained stagnant," Lugar said. "His answer was 'immigrants...
What does it say that the one Republican candidate who can claim to be grappling with America's most heartfelt economic problem is on the party's fringe? One answer is that this issue has mainstream Republicans flummoxed. A close look at the logic of income inequality and stagnant wages suggests that the ideology of people like Bob Dole and Phil Gramm may leave them at least as "impotent" on the issue as Clinton, if not more so. And a close look at Buchanan's attempt to fashion a maverick Republican cure for the problem only underscores that prospect...
...substantive virtues of Buchanan's proposal are less clear. If stagnant real wages are the problem, raising the cost of imports is a curious solution. As shoes and microwave ovens at Sears or Wal-Mart get pricier, the real wages of the average American worker go down, not up. When economists cite lower prices as benefits of free trade, protectionists sometimes reply that we should worry more about "workers" and less about "consumers." But, of course, workers are consumers...
Though Republicans aren't big fans of redistributive taxation, they are big fans of cutting overall taxation. To the extent that there is a generic Republican response to stagnant wages, this is it: spur growth by slashing stifling taxes...
...were quantified--if we could say how much more bang-per-buck you would get from Windows 95 than from dos 3.0, or from a new CD player than from an old, no-frills model--the official inflation rate would be lower and median wages would then look less stagnant, if far from vibrant. Another benefit of lean, efficient capitalism is jobs; the American unemployment rate is stunningly low by European standards--half the French and Italian rates...