Productivity

IMF says U.S. should raise minimum wage, offer paid maternity leave and overhaul taxes

IMF says U.S. should raise minimum wage, offer paid maternity leave and overhaul taxes

The International Monetary Fund downgraded its forecast for the U.S. economy this year and said America should raise the minimum wage to help the poor, offer paid maternity leave to encourage more women to work and overhaul the corporate tax system to boost productivity.

In its annual checkup of the U.S. economy, the IMF on Wednesday predicted 2.2% U.S. growth this year, down from 2.4% in 2015. In April, the international lending agency had forecast 2.4% growth for 2016.

Still, IMF managing director Christine Lagarde, citing a healthy job market, says “the U.S. economy is in good shape.” U.S. unemployment fell last month to an...

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