Wages are stagnating. This interview explores why and how we’ve coped.
This much is clear: there are no easy answers.
Rivkin: There are some forces at work that are unstoppable and we probably wouldn’t want to stop them even if we could. Forces of globalization, technological change—those genies are out of the bottle. But there are other parts of they dynamic that are purely choice. The damage done by underinvestment is a self-inflicted wound.
We need a movement toward cross-sector collaboration for rebuilding the commons and for sharing prosperity. We’re seeing multiple examples of businesses that have realized that it’s in their interest to make sure that their workers are well educated, are skilled, that their supply networks are healthy, that the infrastructure in the cities where they operate is strong.