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Economy

August 21, 2015

The Adults Who Don't Work - Kevin Drum, Mother Jones

In his interview with Sean Hannity last week, Donald Trump said the unemployment rate wasn't 5.3 percent, as the Bureau of Labor Statistics says. "That's phony math," he told Hanni...

August 20, 2015

Government Intervention Is Becoming Obsolete - Fred Foldvary, RCPolicy

Much government intervention has no economic rationale and is due instead to pressure from special interests. However, some interventions have a public-welfare justification, backe...

August 19, 2015

Trump's Plan and the Economy - Smialek & Case, Bloomberg

Donald Trump unveiled an immigration proposal on Sunday, announcing that all undocumented workers "have to go." In addition to the legal and budgetary hurdles&n...

August 13, 2015

What Will Become of America's Slums? - Alana Semuels, The Atlantic

Efforts to dismantle segregation may take resources away from some of the poorest communities, where investment is most needed....

August 12, 2015

Why Wages Aren't Keeping Up - Robert Solow, Pacific Standard

One of the more puzzling and damaging features of the American labor market in the last few decades has been the failure of real (i.e. inflation-adjusted) wages and benefits to kee...

August 10, 2015

Progressive Policies Drive More into Poverty - Joel Kotkin, OC Register

The dirty secret here is that a large proportion of Californians, roughly one-third, or some 3.2 million households, as found by a recent United Way study, find it increasingly dif...

Most Recent Articles

August 4, 2015

Millennials Aren't as Poor as You Think - Jordan Weissmann, Slate

Sooooooo, I need to nitpick. Over the weekend, Steven Rattner wrote a more or less reasonable op-ed in the New York Times arguing that today’s young adults hav...

August 1, 2015

The Profit-Sharing Economy - Laura Tyson, Project Syndicate

Over the last 35 years, real wages in the United States failed to keep pace with productivity gains; for the typical non-farm worker, the latter grew twice as fast as the former. I...

July 31, 2015

Startups and How to Restore Growth - James Pethokoukis, CRN

Entrepreneurship, which the late economist Joseph Schumpeter referred to as “creative destruction,” is the engine that powers the American economy. Entrepreneurs, who d...

July 31, 2015

Middle-Class Incomes: Stagnant? - Martin Feldstein, Project Syndicate

The challenge of raising the incomes of middle-class families has emerged as an important focus of the presidential election campaign in the United States. Everyone agrees that inc...

July 31, 2015

The Recovery Keeps Getting Worse - Jeffrey Snider, RealClearMarkets

In November 2013, prosecutors in Nashville were apparently frustrated by a defense attorney's repeated reference to them as "the government." As USA Today points out (h/t National...

July 30, 2015

In Defense of Our Productivity-Pay Gap Chart - Lawrence Mishel, EPI

Matt Yglesias is an insightful writer, but his recent article, “Hillary Clinton’s favorite chart is pretty misleading” is itself very misleading. Since the C...

July 20, 2015

We've Grown at 4% Before - John Cochrane, Grumpy Economist

In a recent Bloomberg piece, "Growth Fantasy of Tax Cuts and Small Government" Noah Smith took on my recent blog posts on 4% growth. In the first, I outlined the historical ev...

July 15, 2015

The States People Are Moving To - Chuck DeVore, Forbes

From our earliest Colonial origins, Americans have voted with their feet, optimistically seeking greener pastures. Today, instead of homesteading raw land, Americans move for work ...

July 15, 2015

Thank Obama for the Recovery? - Vance Ginn, RealClearPolicy

The unemployment rate has dropped to 5.3 percent, which is near the level some economists consider "full employment" and is substantially lower than the 10 percent peak i...

July 14, 2015

Where Teens Are Finding Summer Jobs - Drew DeSilver, Pew

Far fewer U.S. teens are working during the summer compared with years past, as wereported last month. But it turns out that teens who are finding work these da...

July 13, 2015

How to Listen to Hillary's Economics Speech - Jared Bernstein

Hillary Clinton is poised to give an important speech tomorrow (Monday) explaining her diagnosis and prescriptions on the U.S. economy, with a focus on wage stagnation and the pers...

July 13, 2015

Clinton's Economic Dilemma - Stephen Moore, New York Sun

Hillary Clinton will attempt to reinvent herself for the umpteenth time on Monday‎ when she releases her “new” economic agenda for the working class. Except that fr...

July 11, 2015

Envisioning the Economy of 2040 - Roosevelt Institute

The predestined, blue-collar lifestyle that Bruce Springsteen sang about in Darkness on the Edge of Town is already a thing of the past, and it will only grow smaller in ...

July 11, 2015

Do Longer Work Hours Grow the Economy? - Matt Bruenig, Demos

Jeb Bush says people need to work longer hours to get 4 percent growth "as far as the eye can see." So far, responses have focused on how ridiculous it is to demand of pe...

July 2, 2015

What Happened to Middle Class Income Gains? - Isabel Sawhill, RCM

This year's Economic Report of the President has an interesting analysis of the sources of the slowdown in income gains among the middle class. Given all the attention gi...

June 30, 2015

Does Trade Cause Job Losses? - Stephen Rose, RealClearPolicy

Most Democrats in the House of Representatives opposed granting the president Trade Promotion Authority because they think international trade has been bad for American workers. (T...

June 29, 2015

The Next Financial Crisis? - Robert Samuelson, Washington Post

 A central economic question of our time is whether the policies undertaken to recover from the last financial crisis are laying the groundwork for the next. We now have two r...

June 26, 2015

Trade and Growth: End of an Era? - Bernard Hoekman, VoxEU

The world’s trade-to-GDP ratio climbed steadily for six decades. The rise slowed even before the Global Crisis and world trade growth has been anaemic since 2010. Recent data...

June 18, 2015

Don't Bet on Jeb's 4 Percent Growth Promise - Josh Barro, NYT

Jeb Bush set out an aggressive economic growth target in his campaign announcement speech Monday: four percent real G.D.P. growth, for a decade....

June 18, 2015

Mapping States' Economic Performance - Raul, Fixr

The US may be classified as a rich nation, but wealth varies widely across all 50 states. We used brand-new data just released on June 10th, 2015 by the Bureau of Economi...

June 18, 2015

Immigration, Trade, and Productivity - Ottaviano et al., VoxEU

International trade in services and immigration are among the fastest growing aspects of globalisation. Using UK data, this column explores the links between these phenomena. Immig...

June 17, 2015

People Aren't Better Off Than Income Trends Say - Matt Bruenig, Demos

Matt O'Brien at Wonkblog recently picked up a month old poll that shows the majority of economists saying that people are better off now than income trends suggest. The argume...

June 17, 2015

R.I.P., Free Trade Treaties? - John Cassidy, New Yorker

The debate in the economics community over the Trans-Pacific Partnership continues. In Monday’s Washington Post, Lawrence Summers, who promoted ...

June 16, 2015

What's Missing From the Recovery - Nicole Gelinas, City Journal

America’s economy has grown for nearly six years and with particular vigor over the last six months. By historical standards, we’re due for another recession. When that...

June 16, 2015

A Middle Class Salary Is Better Than You Think - Matt O'Brien, Wash Post

Billionaires worry about two things. The first is who has more money than them, and the second is losing all their money in a revolution. Sometimes it's a Nazi coup d'é...

June 15, 2015

Rescuing the Free Trade Deals - Lawrence Summers, Washington Post

The Senate’s rejection of President Wo odrow Wilson’s commitment of the United States to the League of Nations was the greatest setback to U.S. glob...

June 13, 2015

Free Trade Doesn't Have to Be a Trade Secret - Molly Schwartz, R Street

Secrecy around the conduct of international trade agreements has been tightening, in what amounts to a disturbing and counterproductive trend. This lack of transparency gives addit...

June 13, 2015

Why Americans Are Turning Against Free Trade - David Frum, Atlantic

A decade and a half ago, I filled my days writing speeches urging Congress to grant President George W. Bush fast-track trade authority. If memory serves, I wrote more speeches on ...

June 13, 2015

N.C. Isn't a Supply Side Paradise - Sebastian Johnson, CTJ

Stephen Moore, a member of the supply-side triumvirate along with Art Laffer and Travis Brown, recently wrote a deeply misleading op-ed for The Wall Street...

June 12, 2015

Don't Let the Fed Halt the Recovery - Nicholas Buffie, RealClearPolicy

Next week, the Federal Reserve's Federal Open Market Committee will convene to discuss the future of monetary policy. The main topic of discussion will likely be whether or not the...

June 12, 2015

Why the TPP Is a Terrible Deal - Rep. John Conyers, The Nation

Earlier this year, former Florida governor Jeb Bush travelled to my hometown of Detroit to explain his political philosophy. In a speech before local business leaders, Bush argued ...

June 9, 2015

Involuntary Part-Timers: Here to Stay? - Valletta & van der List, FRBSF

The incidence of involuntary part-time work surged during the Great Recession and has stayed unusually high during the recovery. This may reflect more labor market slack than is ca...

June 6, 2015

Not Yet A Full Recovery - Ben Casselman, FiveThirtyEight

The job market has been getting so much better for so long that it’s reasonable to start asking whether it has at last fully healed from the recession that ended six years ag...

June 6, 2015

Meet RCEP, Worse Than the TPP - Jeremy Malcolm, EFF

It's been a big few weeks for leaked trade agreements. Just when we thought we had seen all the leaked text of the Trade in Services Agreement (TISA), Wikileaks went ahea...

June 5, 2015

The Retail Race Divide - Ruetschlin & Asante-Muhammad, Demos/NAACP

This paper examines the differences in retail workers’ occupations, earnings, and schedules to reveal how employment in the retail industry fails to meet the needs of the Bla...

June 4, 2015

Why Americans Aren't Getting a Raise - Ben Leubsdorf, Wall Street Journal

Federal Reserve economists aren’t sure why U.S. wage growth has been subdued over the last few years, or when pay raises will definitively move into higher gear. But the...

June 4, 2015

Against Trade Adjustment Insurance - David Muhlhausen, Daily Signal

Republican leaders in the House of Representatives are twisting arms to get to 218 votes—the magic number needed to pass the Senate-approved version of the “Trade Act o...

May 30, 2015

Blue Collar Men Are in Trouble - The Economist

AT FIRST glance the patriarchy appears to be thriving. More than 90% of presidents and prime ministers are male, as are nearly all big corporate bosses. Men dominate finance, techn...

May 26, 2015

The Difference Between TPP and TPA - Connor D. Wolf, Daily Caller

In the fevered debate over international trade, the Trans-Pacific Partnership and trade promotion authority have been used almost interchangeably. But in the end, they are not at a...

May 22, 2015

Democrats' Trade Paradox - Ronald Brownstein, National Journal

As the Senate votes on the Trans-Pacific Partnership today, the paradox of the trade debate is that President Obama is facing the most resistance from congressional Democrats, even...

May 22, 2015

A Victory for Interstate Commerce - Alan Viard, AEI

On Monday, the Supreme Court ruled 5-4 that Maryland’s individual income tax system unconstitutionally discriminates against interstate commerce. The Court’s decis...

May 21, 2015

Trade Agreements' Broken Promises to Labor - Sen. Elizabeth Warren

United States Senator Elizabeth Warren (D-Mass.) today released a report highlighting more than two decades of failed enforcement by the United States of labor and environmental st...

May 20, 2015

Will the U.S. Ever Grow Fast Again? - Noah Smith, Bloomberg View

We normally assume that most recessions end in due time, and that the U.S. economy returns to its old trend even after an extended slump. George Mason University economist and blog...

May 20, 2015

Why I'm Concerned About the TPP - Sen. Barbara Boxer, Huffington Post

They say timing is everything in life. Well, if that's true, the timing of this legislation to approve fast-track trade authority could not be worse for middle-class families....

Yahoo News - US Economy

Turmoil makes September rate hike '

A Federal Reserve interest rate hike next month seems less appropriate given the recent global marke...