Household Labor, Caring Labor, Unpaid Labor
A discussion of the practical and policy implications of failing to measure household labor and production.
Read more...Category Archives: Economic fundamentals
Real Household Net Worth: Look Out Below?
Even with the wild end-of-day rally yesterday, Steve Roth describes how absent a strong continuation of the snapback, real household net worth is likely to show a year-to-year fall by the end of September. And that’s not a good sign at all.
Read more...Wolf Richter: Americans’ Economic Outlook Plunges
The latest poll of Americans’ economic outlook shows most expect things to get worse…and the survey was before the market rout started last Friday.
Read more...King Coal, Dethroned, and Its Aftermath
The history the coal industry is tragic and its collapse is its grim final act.
Read more...Robert Reich: In the New Economy, Workers Take on All the Risk
More Americans than ever don’t know what they’ll be earning next week. That’s why we need income insurance.
Read more...Picking Apart One of the Biggest Lies in American Politics: “Free Trade”
How the Founding Fathers and successful advancing economies steered clear of manufacturer-destroying “free trade”.
Read more...German Wage Repression: Getting to the Roots of the Eurozone Crisis
How Germany’s wage repression, a war against its own workers, has been exported to the rest of the Eurozone.
Read more...As QE Wanes, Real Costs of “Employment” Subsidies Surface
As the QE prop is removed, it will become more difficult to ignore the fact that “employment” subsidies were often simply “employer” subsidies.
Read more...Wolf Richter: It Starts – Broad Retaliation Against China in Currency War
Struggling economies that compete with China are going to protect their exports against Chinese encroachment via currency depreciation.
Read more...Greece’s Missing Drivers of Growth
This post mines an issue we’ve discussed repeatedly, that the heavy dose of “reforms” imposed on Greece succeeded in lowering wage costs without providing the expected boost in exports.
Read more...Low Oil Prices Could Break The “Fragile Five” Producing Nations
Five countries, and not necessarily the ones you’d expect, are particularly vulnerable to protracted low oil prices.
Read more...The ALEC Rankings: Does Smaller Government Mean Higher Growth?
Demonstrating why Menzie Chinn stated, “The ALEC economic outlook ranking is, in my assessment, a manifestation of faith based economics.”
Read more...Michael Pettis: Do Markets Determine the Value of the RMB?
A thorough discussion of the background and implications of the so-far modest devaluation of the RMB.
Read more...Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda
Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’. And now he should add the Job Guarantee to his list of issues.
Read more...Does a Strong Dollar Hurt Emerging Markets?
Conventional wisdom has it that strengthening dollar hurts emerging markets via a sudden exodus of host money. A new study argues that real economy forces are a bigger driver, specifically lower commodity prices.
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