Real average and aggregate non-managerial wages for November – by New Deal democrat With November’s consumer inflation report in the books, let’s update two of my favorite measures of how the working/middle class is doing – real average non-supervisory wages, and real aggregate payrolls. Nominal average wages for non-supervisory workers rose a strong 0.7% in […]
Mark Weisbrot of CEPR had an article up in the November LA Times addressing Inflation and the Fed. It appears it may be reprinted in December’s LA Times. “Weisbrot (LA Times): Inflation is Falling Much Faster Than Most People Know; and The Fed’s Response to Inflation May Pose a Bigger Threat than the Inflation Itself.” […]
I am not the only one who sees issues with the way railroad workers are on call 24/7 with any time off being canceled or workers being subject to penalization if missing the call. Biden could have pushed harder to resolve this labor issue. Just like siding with financial issues, Jow Biden sided with Railroad […]
Rents decreasing, CPI slowly decreasing, and questions on whether any of this is due to the FED’s actions. Industrial production is still the same and gasoline prices have dropped. According to New Deal democrats’ analysis, real sales and real income have increased (still lower than they were one year ago), and payrolls have continued to […]
A brief overview of the current state of the economy – by New Deal democrat This week we get the final most important data of 2022, with consumer prices tomorrow and industrial production and retail sales Thursday. The Fed will also be making its final rate hike decision of the year. Next week and the […]
What caught my attention to the potential train strike was it not being clear as to why. No one source was explaining why train crews and other crafts were angry at the railroad companies. Doing some reading I came away with a better understanding. Aaron Gordon at Vice does an excellent depiction of the issues. […]
Dale Coberly: Commentary on an article by Nancy Altman that I read yesterday: “Senator Warnock’s Re-Election Is a Victory for Social Security,” Portside, Nancy J. Altman. Nancy Altman wrote a pretty good book about Social Security [The Battle For Social Security (2005)] which I recommend. It’s readable and tells a story better than I can. […]
Kind of beat today. I could not think of anything simple to write. What I have on my agenda to write requires some deep dives in the mechanisms of certain topics. I just don’t have the desire to dive deep. One issue I Have been closely watching Arizona Senator Primadonna Sinema who is just making […]
Some people believe that a DeSantis presidency would be a bigger threat to democracy than a second Trump presidency. The thought is that DeSantis is just as authoritarian as Trump, but more competent. I agree that DeSantis appears to be a dangerous authoritarian and he might well be more effective than Trump at undermining democratic […]
Weldon, others and I go back a way. All the way to the Best of the Fray on Slate. I am a numbers guy still steeped on the engineering side. Weldon is a journalist. Bad Crow Review, “All The News That Ain’t Anent,” Weldon Berger, (substack.com). New York Times journalists in mass strike for first […]