The Growth Dividend for Workers
The October jobs report shows the shared gains of a stronger economy.
Don’t think tax reform and deregulation matter for working people? Consider the evidence from Friday’s gangbuster jobs report for October that showed the tangible dividend for workers from faster economic growth resulting from better economic policy: More jobs to choose from and higher pay to boot.
That’s the essence of the news that the marvelous machine called the American economy created 250,000 new jobs last month, including 246,000 in private industry. Average hourly wages rose again and are now 3.1% above a year ago,...