It would be irresponsible to create much higher unemployment – and the US economy could be pushed into recession. There is a strong argument for the Fed to take a break from its aggressive monetary-policy tightening.
The rise in the index of aggregate hours would be equivalent to more than 630,000 jobs with no changes in workweeks. Drop in unemployment in Novembers were largest for the groups that face labor market discrimination.
We need to bring back fairness to an economy plagued by an imbalance of power between workers and employers. At a time when our nation is engaged in a vital conversation about economic justice, we need to make union membership a civil right.
Will older, socially conservative voters care so much about culture-war issues in the midst of a pandemic? This Bronx election suggests political patterns might evolve more broadly among older voters in places like Florida and the Sun Belt.
The world economy, to the degree it still works at all, serves to benefit the few at the expense of the many. The author of the book under review does an economic deep dive into ways that can reverse that antidemocratic equation.
Almost half the global workforce - 1.6 billion people - are in "immediate danger of having their livelihoods destroyed" by the economic impact of Covid-19, the International Labour Organization has warned.
Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009. There is increasing alarm that companies in the energy, hospitality and auto sectors won't be able to make their bond payments.