Archive for the ‘Wages’ Category

The Fed, full employment, African-Americans, and an event that brings it all together

March 3rd, 2015

As a tireless (some would say tiresome) advocate for full employment and the benefits it yields for working people, you can imagine how I was thrown by this NYT headline over a piece by economics reporter Bin Appelbaum: Black jobless rates remain high, but Fed can’t do much to help. “Shots fired!” as the kids… Read more

Middle Class Economics: Josh Barro nails some critical points

February 26th, 2015

Josh Barro does an excellent job describing many of the key points about the challenges of crafting what politicians are calling “middle-class economics.” As I see it, they’re talking about policies that reconnect overall economic growth and the prosperity of the middle class. Though median household incomes have been rising in recent years, as best… Read more