The Reasons Why People Prefer Wage Stability Instead of Growing Wages

What's more important: wage growth or wage stability? Diana Farrell, founding president and CEO of the JPMorgan Chase Institute (JPM) - Get Report said the data shows people would rather have stability versus growth. She said we also need to focus on building productivity. 'That I think results in being really mindful about the areas where we can unleash innovation in certain sectors,' she said. TheStreet's Rhonda Schaffler reports from the 2016 Milken Institute Global Conference in Los Angeles.