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Sergei Karaganov

Sergei Karaganov

Writing for PS since 1995
23 commentaries
0 videos & podcasts

Sergei Karaganov is Dean of the School of International Economics and Foreign Affairs at the National Research University Higher School of Economics in Moscow, and Honorary Chairman of Russia’s Council on Foreign and Defense Policy.

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  1. oneill69_Malte Mueller Getty Images_handholdingdollarsign Malte Mueller/Getty Images

    A Living Wage for Capitalism

    Jim O'Neill

    Higher nominal wages for low-paid workers can boost real earnings, increase consumer spending, and help make housing more affordable. And insofar as raising the minimum would increase companies’ wage bill, it would create a stronger incentive to replace labor with capital, which could lay the foundation for renewed productivity growth.

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