The new conservative talking point: There is a broad consensus among economists that large and persistent deficits slow economic growth by lowering savings and investment. Workers are less productive than they would … Continue reading Conservative Intellectuals Have a New and Absurd Theory for Why Wages Aren’t Rising Faster
Medieval peasants lived grueling, terrible lives. But their vacation days beat out the policies now common even in progressive societies. That’s progress for ya! Source: Average American worker takes less vacation than … Continue reading Average American worker takes less vacation than a medieval peasant
America’s self-reliance obsession makes it more acceptable to applaud working yourself to death than to argue that doing so points to a flawed economic system. So true. Source: The Gig Economy Celebrates … Continue reading The Gig Economy Celebrates Working Yourself to Death
In reality there has been a class war, in which [corporations] spent decades using the state to undermine workers, writes Guardian economics editor Larry Elliott Interesting article that discusses how attacks … Continue reading Think our governments can no longer control capitalism? You’ve been duped
At the same time, it’s hard not to sympathize with Trump’s team when they rage against accepting anemic economic growth as “the new normal.” We actually did achieve 3 percent growth for … Continue reading How to make growth great again
John Maynard Keynes penned his General Theory in 1936. Faced with the upheaval of 2016, what would a cryogenically frozen Keynes do? He would get governments to invest in their people and … Continue reading Keynesian economics: is it time for the theory to rise from the dead?
Just under half of U.S. workers said they felt satisfied with their jobs last year—the happiest they’ve been in a decade, according to a new report from the Conference Board, a research … Continue reading Job Satisfaction Hits a 10-Year High—But It’s Still Below 50%