The study is the latest piece of evidence to demonstrate the depth of New York City’s affordability crisis, which is reshaping local demographics and culture.
Economic models do not, and never can, fully reflect the extraordinary complexity of human markets. The point is to create useful abstractions to provide decision-makers with a sense of the budgetary and economic impacts of a given policy proposal.
The deal boosts some wages to $31 an hour. It reflects pressure hotels face to raise pay amid inflation and labor shortages. The hike is closing the gap between the 7,000 covered suburban workers and their union counterparts in New York City.
Between December 2017 and December 2022, the share of all new auto sales priced above $60,000 more than tripled, from 8 percent to 25 percent, according to research by Cox Automotive.
The popular narrative about worker shortages and layoffs is aimed at building a cultural consensus against workers and the labour movement, and is based on biased, partial, and contradictory definitions.
Our central bank operates by and for the financial elite.
Following Russia's invasion of Ukraine, the bond market's 5-10 year projection of annual chain-weighted personal-consumption-expenditures inflation reached 2.27%, raising concerns that another big shock could de-anchor inflation expectations. But since that didn't happen, the Federal Reserve now should reconsider its position.
A closer look shows we’re already approaching normal.
Workers vs neoliberalism — it's happening everywhere
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