Archive for the ‘Wages’ Category

The strong dollar, its impact on growth, and the TPP

March 27th, 2015

When it comes to the debate over whether the Trans Pacific Partnership trade agreement should include rules against managing currency, the recent, sharp rise in the value of the dollar offers a little something for everyone. For TPP supporters who oppose a currency chapter—i.e., explicit actions to be taken against signatories who push down the value… Read more

David Brooks does the Palin one-step

March 9th, 2015

David Brooks can’t resist the old DC one-step. People who say “education is really important, but it’s not the only determinant of wage growth” become people who disparage the importance of education. Clearly, education matters a great deal but so too does bargaining power, political power, and absence of precisely those forces on behalf of those on… Read more

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