Archive for the ‘Wages’ Category

Labor Day Reading

September 1st, 2014

Some great articles worth a look on labor, unions, wages, and more: EJ Dionne on an exemplary employer and the workers who went to bat for him. Jon Cohn interviews one of the deepest thinkers I know on labor issues: Rich Yeselson. An important look at the problem of “wage theft” in the NYT. Bob… Read more

PK on JB on JY

August 25th, 2014

Paul K makes a cogent point re my post on Fed chair Janet Yellen’s explanation for recent wage trends. Many of us, including Chair Yellen herself, take the fact that nominal wage growth has been stable for years now at around 2%–about the rate of inflation, implying flat real wage growth–as evidence that considerable slack remains… Read more

Chair Yellen Needs Many Hands to Juggle Income Data

August 22nd, 2014

I review the Fed chair’s Jackson Hole speech from earlier this AM, over at PostEverything. It’s–appropriately–a lot of “on the one hand, this…on the other hand, that.” And while no one should deify the Fed chair, that does bring the following image to mind: At times when the data are ambiguous, this Goddess would make… Read more