Dan here…Angry Bear Steve Roth’s clear and thorough writing continues…please go to the original for more graphs…I could not include the largest in the Angry Bear format in its proper place. Go straight to read more to view the whole post…. By Steve Roth (originally published at Evonomics) Insanely Concentrated Wealth Is Strangling Our Prosperity […]
A thought for Sunday: the most important issue in the 2016 election was . . . This is a post I’ve been meaning to write for several months. For a while after the election last year, there was a debate about whether the “economic anxiety” in the (white) working class was the most important factor […]
The asterisk in real median household income This is a follow-up to the post I wrote last week about the latest data on real median household income. One of the things I notes is that “households” includes the millions that are composed of retirees, a burgeoning demographic due both to healthier longevities and the demographics […]
Via the Guardian comes this note from well funded groups: Conservative campaign aims to strike ‘mortal blow’ on government unions ‘A once-in-a-lifetime chance to reverse the failed policies of the American left’
byPeter Dorman (originally published at Econospeak) Carbon Gridlock Redux in Washington State A year ago—it already seems like another era—an initiative to set up a carbon tax in Washington State, I-732, was defeated by the voters. The proposal was to use the money for tax reductions in accordance with the standard economic view that taxing […]
Hurricane workarounds for industrial production and housing Hurricane Harvey has already affected some of the August data releases. Irma has already started to affect some weekly releases, and will undoubtedly affect the September monthly releases. I have already begun to adjust for the hurricanes in the case of initial jobless claims. But what of the […]
2.5 cheers for 2016’s new high in real median household income! Given that I consider jobs and wages for average Americans my #1 focus, it’s only fair that I write about this week’s release of the real median household income for 2016, don’t you think? A few years ago I wrote that real median household […]
Dan here…a reminder about our federal deficit. Deficits Do Matter, But Not the Way You Think 07.20.10 Roosevelt institute L. Randall Wray In recent months, a form of mass hysteria has swept the country as fear of “unsustainable” budget deficits replaced the earlier concern about the financial crisis, job loss, and collapsing home prices. What […]
Hurricane adjusted initial claims for week of Sept. 2: 239,000 Last week I promised I would repeat an exercise I first undertook in 2012 when Superstorm Sandy disrupted the initial claims data: estimating what the initial jobless claims would have been, but for the hurricane. In 2012 I created that adjustment by backing out the […]
by Peter Dorman (originally published at Econospeak) Price Gouging Whenever there’s a natural disaster, a famine or some other such crisis, people zero in on price gouging. Are grain merchants jacking up prices to take advantage of a food shortage? What about airlines raising fares to cash in on desperate attempts to flee an impending hurricane, […]