A new analysis confirms that for years, central bankers and top economists underestimated America’s true unemployment rate. The true unemployment rate is not what the government is saying it is. That’s why … Continue reading The Fed Needlessly Undermined Growth, Study Confirms
These days, the average American has to deal with a lot. The news is full of strife and controversy, jobs are plentiful but frequently don’t pay, and we all live on a … Continue reading Study suggests Americans stop eating out, getting drinks, enjoying life in any meaningful way
Unemployment is low, so why doesn’t it feel better? Because we have fewer people looking for work, stagnating wages, anemic growth, and a private sector with a mountain of debt on its … Continue reading If Unemployment Is So Low Then Why Don’t I Feel Better?
Progressives shouldn’t fall for facile technology fatalism. This is true, robots are not the reason wages have gone nowhere over the last 4 decades, it’s because workers have lost bargaining power (unions) … Continue reading Don’t Blame Robots for Low Wages – The New York Times
An initial study said the increase to $15 would cost workers jobs and hours. That didn’t happen. The next time someone tells you we can’t afford a $15 minimum wage, tell them … Continue reading What Minimum-Wage Foes Got Wrong About Seattle – Bloomberg
Strengthening them could blunt inequality and wage stagnation. Economists are starting to suspect that unions were a better deal than textbooks made them out to be. Source: Unions Did Great Things for … Continue reading Unions Did Great Things for the Working Class | Bloomberg
German and Japanese auto manufacturers succeed despite sticking to a high-wage model The GM layoffs should not be blithely dismissed as another inevitable casualty of globalization.Nor are they a parable illustrating the … Continue reading General Motors is proof to the world that slashing wages isn’t the ticket to profitability
Millennials are less well off than members of earlier generations when they were young. They have lower earnings, fewer assets, and less wealth, a new Federal Reserve study says. Spending habits of … Continue reading Why Aren’t Millennials Spending? They’re Poorer Than Previous Generations, Fed Says
Thousands of Amazon workers across Europe went on strike on Black Friday in protest over working conditions at Amazon warehouses. Spanish newspaper El Confidencial reported that Amazon met with police officials after … Continue reading Amazon asked Spanish police to intervene in warehouse strike
Unemployment is low and the economy is growing at a healthy pace, but about three-quarters of Americans have financial problems, according to a survey released Thursday by USC and the nonprofit Center … Continue reading Most Americans aren’t financially healthy despite booming economy, survey finds
Raising pay works. Trucking industry players have been complaining for a few years about an acute shortage of labor in their industry, as demand for trucks rises but people resist launching a … Continue reading How to make the economy great again: raise pay
The economy still has room to grow. The answer is that the unemployment rate is based on people looking for work and people working. It doesn’t take into account the number of … Continue reading The US unemployment rate is at a 48-year low—so why are so many Americans still out of work?