What does economic growth mean for Americans by Uwe E. Reihnhart
Suppose we placed a carefully selected sample of men on a hot stove and another sample of men on dry ice. Could we reasonably conclude that, on average, they were comfortable?
As a nation we worship a deity called economic growth…
The rich get richer through the recovery by Anne Lowry
Why labors share of income is falling by Jared Bernstein
In a recent post about fast-food workers striking for a higher wage, I noted the juxtaposition of the strikers and the banks, which just reported another quarter of record profits. In fact, as many inequality watchers have noticed, profits as a share of income are at or near record highs while the compensation share is around a 50-year low.
Labors falling share everywhere by Conversable Economist
A new paper from the Economic Policy Institute provides both diagnosis and prescription of what is arguably the fundamental problem of the United States economy in recent years: wage stagnation.