If everyone's wage goes up, the economy is probably running hotter and there is more growth. Don't forget the macro side if things! A lot of well-credentialed

If everyone's wage goes up, the economy is probably running hotter and there is more growth. Don't forget the macro side if things! A lot of well-credentialed people will say "bu- but the 1970s", but the fact of the matter is the wage share of income could also change, and rather than knee-capping unions to control inflation, we could have done price controls (as was done in the 1950s), profit controls (which would limit dividends and buy backs, not reinvestment to boost supply) or other such things.