School News
In an op-ed, Dean Peter Henry calls for Congress to help promote labor market growth by focusing on education
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Excerpt from OZY -- "Ironically, central bankers’ renewed focus on the labor market exposes their limitations when it comes to helping the average worker. Current labor-market research tells us that sustainable wage increases don’t really depend on the Fed’s short-term interest rate decisions. Nor is any kind of long-term solution likely to come through an increase in the minimum wage. Better skills are the only way to produce sustainably higher wages — especially those skills that meet the demands of a globalized, tech-driven market."
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