If you want to get wages up in America for middle income Americans, there's only one way I know how to do that in real terms... by having more businesses want to hire more people.
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Improving the outlook for U.S workers isn't about creating millions of minimum-wage jobs. It is about creating sustainable, skilled employment that allows Americans to earn a fair wage with benefits that allows them to pay for housing and food on the table and sustain a middle-class lifestyle.
There must be a major economic recovery package which puts Americans to work at decent wages.
Eye-popping tales of growing income inequality are hardly new. By now, nearly every American must be painfully aware of the widening pay gap between top executives and shop floor laborers; between 'Master of the Universe' financiers and pretty much everyone else.
Over the long term, the only way we're going to raise wages, grow the economy, and improve American competitiveness is by investing in our people - especially their educations.
What middle-income Americans want most of all is a job. We need a generous safety net for the most vulnerable in our society, but for most people the biggest social accomplishment that we can help them achieve is a good-paying job.
Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.
When the government takes more money out of the pockets of middle class Americans, entrepreneurs, and businesses, it lessens the available cash flow for people to spend on goods and services, less money to start businesses, and less money for businesses to expand - i.e. creating new jobs and hiring people.
Whether you're a Republican or Democrat, liberal or conservative, it is clear that we've got big problems that we need to address, starting with making our economy more competitive so that we can create more good-paying jobs for the middle class.
Because we believe that you got to build the economy from middle out and not from the top down.
If cheap immigrant labor is made unavailable, employers can hire Americans at a higher wage, or replace low-wage immigrant workers with technology and automation, which will create a smaller number of skilled jobs for Americans.
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