Archive for the ‘Wages’ Category

Wage (and price) update

May 11th, 2016

Though last Friday’s jobs report came in a bit under expectations, many analysts, myself included, noted that (nominal) wage growth has picked up in recent months. That is both expected and precisely as it should be. As the job market tightens, employers should have to bid wage offers up more to get and keep the… Read more

True and important: trade deficits are not scorecards. But under certain conditions, they’re far from benign.

March 28th, 2016

Neil Irwin over at the NYT has apparently drawn the unenviable job of explaining what’s wrong with Trumponomics. His latest entry, on trade deficits, is framed around an important, overlooked point, but he misses some important nuances, and his conclusion re trade deficits as conditionally benign seemed pretty far off to me. As this is… Read more