Archive for the ‘Income’ Category

Prices: You’ve Got a Friend…

July 8th, 2012

“When you’re down, and troubled, and you need a helping hand…” Last Friday’s jobs report confirmed a weakening trend in employment growth and an unemployment rate stuck north of 8%.  We’re still growing, and most industries outside of the public sector are adding jobs, but too slowly.  Other important indicators, most notably real GDP growth,… Read more

Larry Mishel and the Wage/Productivity Gap — LIVE!

June 27th, 2012

Here’s me and the great labor economist Larry Mishel discussing some of his recent work on the gap between the real compensation of middle-wage workers and productivity growth.  Understanding this issue has become central to the inequality debate and Larry — who’s also the president of the Economic Policy Institute — understands it deeply. One… Read more

Wow…Just Wow: The Depth of the Hole

June 12th, 2012

The articles on the Fed’s Survey of Consumer Finance release from yesterday give you an excellent flavor of the magnitude of what’s been lost in the Great Recession.  But I haven’t seen this figure posted yet (though I may have missed it somewhere, of course).  It’s simply the trend in real median net worth from the… Read more