Archive for the ‘Wages’ Category

Josh Bivens for the Win: The Fed Interest Rate Liftoff is the New Deficit Reduction

January 14th, 2015

Orange may be the new black, but in my world raising the federal funds rate is the new deficit reduction. Let me explain. I keep bumping into arguments about why, despite pressures from wages or prices, either in real life or in expectations, the Fed should pre-emptively raise the interest rate it controls in order… Read more

Greg Sargent Nails the Key Points on the OT Debate

January 7th, 2015

If you want to get caught up on an issue I’ve often featured in these parts–the White House’s proposed rule to increase the salary threshold for overtime pay–then read Greg Sargent’s column in the WaPo. The administration, to their lasting credit, recognized that updating this threshold (the salary level under which salaried workers get time-and-a-half)… Read more