Archive for the ‘Wages’ Category

Reax to NYT oped

June 5th, 2017

I’ve got an oped in this AM’s NYT on four big ideas that I see Democrats, and not just traditional progressives, but also centrists, converging around. –a universal child allowance; –a $15 minimum wage; –a large expansion of the EITC; –direct job creation. Here are some responses and pushbacks. Much of what folks raised are… Read more

Flat Phills, all around

May 7th, 2017

I’ve got a piece in today’s WaPo on the diminished correlation between the tightening labor market and wage and price growth. This is evidence of the well-known flattening of the “Phillips Curve,” the statistical relationship between nominal wages, prices, and tightness in the job market. The figure below shows annualized growth rates of a) core… Read more

Jobs report: Solid jobs gains in January and a focus on wages (yes, they’re up, but no overheating in sight)

February 3rd, 2017

The US job market continues to deliver solid job gains, as the nation’s payrolls rose 227,000 last month, the strongest month for payroll gains since last September. The unemployment rate ticked up slightly to 4.8 percent, due largely to an increase in labor force participation, a positive indicator of more workers drawn into the improving… Read more