As we say goodbye to 2013, the economy is still failing ordinary workers.
What is being done to make it better? Not enough.
Public spending and public investment are too low, wages for increasingly productive workers are flat or falling, and the minimum wage is inadequate.
However, there is hope for 2014.
The policies that created these trends can be reversed. There is a renewed push to raise the federal minimum wage, states are raising their own minimum wages, and more policymakers are coming to terms with the downside of economic inequality.
EPI’s top charts of 2013 explain why a full economic recovery and policies that ensure broadly shared prosperity should be policymakers’ foremost priorities in 2014.