by Sandwichman Recall and the General Strike The tradition of the oppressed teaches us that the “emergency situation” in which we live is the rule. — Walter Benjamin, On the Concept of History, 1940 Back in December, I posted Full Employment and the Myth of the General Strike to start the conversational ball rolling about […]
CNBC carries the whole deal:
by Peter Dorman (published originally at Econospeak) Why You Should Never Use a Supply and Demand Diagram for Labor Markets You would know this if you read your Cahuc, Carcillo and Zylberberg, but you probably won’t, so read this instead. A standard S&D diagram for the labor market might look like this: It’s common […]
by New Deal democrat Bad news: real nonsupervisory wages have actually DECLINED over the last year This morning’s inflation news was even worse than I expected based on the increase in gas prices. On a monthly basis prices rose +0.6%. Core prices rose +0.3%. More importantly, YoY CPI was up +2.5%. Core YoY CPI was […]
by Barkley Rosser originally published at Econospeak, “Trump and the Fed” It may be way too soon to say anything sensible about what Trump thinks about the Fed or will do about it, but as the first person to have publicly called for appointing Janet Yellen as Chair (back in 2009), I figure I am […]
by New Deal democrat A thought for Sunday: No, Trump isn’t imploding — but the opposition is broad and intense My post from two weeks ago, “No, Trump isn’t Imploding” got picked up by a few other sites within the past few days, and I wanted to follow up because we have a fuller picture […]
by Barkley Rosser (originally published at Econospeak) The Scale Of Trump’s Yemen Botch It is becoming clear that the scale of the botch by Donald Trump in Yemen in his first effort at a foreign military action is much greater than .first reported, as reported by Juan Cole. […]
by New Deal democrat Four measures of wage growth: prospects for further meaningful wage growth are dimming In the last several years, I have written a number of posts documenting the stagnation in average and median wages, followed by their improvement due to the steep decline in gas prices, for example here and here. Since […]