Tag: wages

As administration officials point to consumer spending as evidence of confidence, polling, inflation data, and rising credit card delinquencies suggest many Americans are experiencing a very different economy.

Industry standards boards represent a new participatory model that can improve the lives of workers, address problems faced by employers, and strengthen services in local communities.

Perhaps some economists can tell a story where rapid wage growth is driving inflation even as the wage share of income is falling, but I’m not that good an economist.

These data are not top-coded, meaning the underlying earnings reported are actual earnings and not “capped” or “top-coded” for confidentiality.

The underlying problem isn’t that Americans have been living beyond their means. It’s that their means haven’t been keeping up with the growing economy. Most gains have gone to the top.

The combination of high corporate profits and growing corporate political power has created a vicious cycle.

Iceland is now the only country in the world that has legalized equal pay between the sexes.

America’s inequality problem continues to be the worst in the industrialized world. 

August job growth was fueled by food and drinking places, social assistance, professional and technical services, finance, and health care.

That’s not how time works. Or economics.