Financial Times FT.com

Summers and Rubin to highlight lagging US wages

By Edward Luce and Krishna Guha in Washington

Published: July 24 2006 18:12 | Last updated: July 24 2006 18:12

Larry Summers, the last Treasury secretary of the Clinton administration, will on Tuesday join Robert Rubin, his immediate predecessor, in a high-profile drive to highlight stagnation in wage growth for the majority of workers in the US economy.

The issue, which is starting to catch fire among a number of prominent US groups, including the prestigious Brookings Institution, host of Tuesday’s event, challenges the administration’s argument that the strong US economy has benefited all Americans.

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