One of the more important pictures of inequality is the one you see here showing the growing gap between productivity growth and some version of the pay or income of the median worker or family. Larry Mishel and I noted the divergence beginning the early 1990s, recognizing it as a symptom of growing inequality. Over at… Read more
Hey, OTE’ers, ready for another round of “where’s JB?” I took the photo below on a bit of a jog yesterday from somewhere within these here United States (somewhere very beautiful). As usual, the winner gets to pick the music for a Friday interlude. I’m here in ____ talking about the precarious state of financial… Read more
This AM’s retail sales number offered a bit of a downside surprise, coming in at -0.3% in June against expectations of +0.3%. “Core” retail sales, which excludes a bunch of stuff and correlates with the big consumer spending part of GDP, fell slightly too, leading some GDP trackers to lower their estimates for Q2 GDP…. Read more
And not just re her speech, of course, but these figures represent critical themes she and the other candidates have and will continue to hit on. First (h/t: Larry Mishel), here is something I suspect you haven’t seen, because these compensation data (wages + benefits) are not as well known as they should be. They… Read more
Over at PostEverything, co-written with Ross Eisenbrey. The attacks on the President’s new overtime rule have ranged from incoherent to ill-informed.