It seems that the labor market is stabilizing as attacks on inflation start to have an impact. Now, we can debate whether this is a good thing. We can also debate whether the pandemic led to any structural changes that will help workers in the...
economy
China might be headed toward a recession. Against all expectation (not a single economist polled by Bloomberg had predicted it), the People’s Bank of China has cut interest rates. The ease.
The idea that if we punish the poor, they will return to the worst jobs imaginable turns out to be....pretty much not true. States that withdrew early from federal unemployment.
A 19th century style president has created a good old fashioned 19th century-style financial panic. I’m reminded of the Panic of 1893 which plunged the economy into a depression/recession for about four years. If my recollection serves me, the panic was a function of corporate...
Rich Americans have long fetishized the free market, going all the way back to the post-Civil War era. Gilded Age liberals, which in today's parlance, would be free market conservatives--the.
Paul Volcker is dead. It's worth remembering briefly just how responsible he is for many of the problems we face today. The first thing I remembered when I heard he.
David Shankbone [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0/)] What if it's 2008, but with corporate debt instead of mortgage debt and comparatively little room for monetary stimulus? That's what my colleague, Andreas Kern, argues in a piece at The Conversation. All American companies are currently sitting on...
Mike Konczal and Nell Abernathy have a call to arms, urging the Democratic Party to embrace economic freedom as a core strategy. They identify three freedoms, as opposed to FDR's.
Unemployment is low. People are talking about what a great economy this is. Is it? Because I sure don't see it. What I see is the greatest level of inequality.
Trump has been tweeting about the record highs reached by the Dow Jones Industrial Average (DJIA). Those market gains are great news for the financial sector, large investors, and even those of us in the lower bounds of the upper class with reasonable portfolios, but...
The chances of a recession are pretty high in the next 4 years, just looking at historical trends. Given the incredible length of time it took for jobs to recover.
Jed Kolko provides an interesting analysis of where the American job market is headed. Couple of points: 1) It's hardly surprising that health care is the fastest growing overall work.