- Rebecca Cook/Reuters
Americans are unanimous.
Just Capital, a nonprofit set up by legendary hedge fund manager Paul Tudor Jones, has asked more than 50,000 Americans what they look for in corporate behavior.
And the No. 1 answer across all income groups is that a company “pays a fair wage for the industry and job level.”
Now, on one hand, this shouldn’t be a surprise. And what a “fair wage” means exactly is open to debate, with likely as many opinions as there are people.
But the research highlights the extent to which Americans are worried about their wages and feel as if American companies should also be focused on this issue.
Some issues, like companies creating jobs US jobs, are of more importance to those with lower incomes. Some concerns, like following laws and regulations, seem to be the preserve of the wealthy.
Everyone is unanimous on wages, however.
It’s not surprising, therefore, that real wage growth – or the lack thereof – has become a hot-button issue in the US. In simple terms, many Americans feel as if they’re not doing any better than they were five or 10 years ago. And sure enough, growth in wages minus inflation has fallen sharply over the past 30 years, according to the Federal Reserve.
“Our analysis shows that this economy-wide average real wage growth rate has declined by a third since the mid-1980s,” researchers at Liberty Street Economics at the Federal Reserve Bank of New York wrote in a post in September.
Here are Just Capital’s findings:
The No. 1 priority for Americans is clear
- Just Capital
A fair wage is a clear priority for every American, regardless of their political views
- Just Capital