Policymakers have held off onraising the minimum wage and made it harder for workers to holdbargaining power, and the Fed has opted to push for low inflationinstead of high employment. (Photo: Shutterstock)

The bottom 90 percent have suffered a “collapse in pay” that canbe laid at the door of politicians and their decisions, reports theWashington Post.

The Post is reporting on an analysis of wage stagnation by the EconomicPolicy Institute, which says that specific policy changes,including the weakening of unions, the stagnation of theminimum wage and monetary policies pushing lowinflation instead of full employment, all contributed to takingpower away from workers and pushing it toward their employers.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.