I’m not sure this is of general interest, but I would like to argue (again) with Glenn Greenwald. In this tweet, he asks an interesting and important question The FBI, and many Democrats, insisted vehemently that release of the Nunes Memo would endanger national security. Now that we’ve all read it, is there anyone who […]
Distractions, Distractions Wow! We have a great controversy! A squib of a memo by the House Intel Comm has completely devoured the media. A constitutional crisis! Egad! In two weeks, or maybe two months, it will be nothing. But for now, well, very very very serious. At a minimum it has distracted everybody from Trump’s gloriously […]
Via Naked Capitalism: In a scoop, Business Insider reports on how Amazon is creating massive turnover and pointless misery at Whole Food by imposing a reign of terror impossible and misguided productivity targets. Anyone who has paid the slightest attention to Amazon will see its abuse of out of Whole Foods workers as confirmation of an established […]
About that Trump wage boom Over last weekend, I read a bunch of notes which indicated that Trump was claiming credit for a boom in wage growth. Let’s take a look: THIS is a wage boom: In the 1960s, real wages grew by almost 9% over 7 years, an average of 1.3% per year. THIS […]
What’s behind the big Q4 decline in real median weekly wages? [Note: This is a post I was working on last week. I hypothesized that the employment cost index would validate the analysis. Well, I didn’t get around to posting it, and the ECI came out this morning. So, how did I do? ] Last […]
Lawrence Summers on Those Employee Bonuses – a Redux of the 1990’s? Lawrence Summers made an interesting comments during a CNBC interview: Former Treasury Secretary and Obama administration economic advisor Larry Summers said Friday that recent employee bonuses are stunts and not reflective of long-term hopes for prosperity that tax cuts are supposed to bring. “I […]