by New Deal democrat Inflation in the 21st century: Oil, not wage growth or unemployment, is the issue This post follows up on my last piece, in which I argued…

…growth brought government debt down from 120% of GDP in 1947, to 35% in 1980. (You know what happened after that.) But even amidst that burst of growth and sustainable…

by New Deal democrat March jobs report: participation up, unemployment down, wage growth miserly HEADLINES: +98,000 jobs added U3 unemployment rate down 0.2% from 4.7% to 4.5% U6 underemployment rate…

…in Europe, for example) than for investment in business expansion (that might spur economic growth) or better worker pay (that could actually spur economic growth by increasing demand). The Tax…

…erode social cohesion, lead to political polarization, and ultimately lower economic growth, but whether inequality is excessive depends on country-specific factors, including the growth context in which inequality arises, along…

…negative impact on 1st Q real GDP growth than the -1.33 percentage point cut real trade had on 4th Q real GDP growth. The Atlanta Fed has already cut it…

Wage growth: is the dam finally breaking? [Apologies for the light posting: I’ve been traveling, and there isn’t a lot of news this week.] A couple of months ago I…

…is whether today’s low wage growth is due to a composition effect—i.e. low-wage jobs being added faster than middle- and/or high-wage jobs and, as a result, pulling down wage growth…But…

…trends are clear: First, in this cycle as in the last, wage growth declined coming out of recessions, then rose as the expansion continued. Second, by most measures nominal growth…

Real wage growth: November 2018 update Now that November inflation has been reported (as unchanged), let’s update what that means for real wages. Nominally, wages for nonsupervisory workers grew +0.3%…