Multiple statistics show the band-aid has been ripped off the obfuscation of the real condition of the labor market that has prevailed for at least this past year, exposing the long festering wound beneath.
Mass deportations could spike inflation, lower the GDP and lead to massive job losses for U.S.-born workers.
Should Jerome Powell put on his Paul Volcker outfit and push interest rates through the roof? I would argue that, while modest rate hikes are appropriate, it is too soon to bring out the heavy artillery.
U.S. Steel notified employees that they would lay off as many as 737 workers at the Granite City plant in late April.
No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
Major military contractors saw a stock surge from the U.S. assassination of an Iranian general. For CEOs, that means payday comes early.
Highly stylized output of models that assume supply-constraints on growth are the norm, and which are presented as effects on “growth” and “jobs” with no further context are notably unuseful, and often actively misleading in today’s policy debates.
A tiny uptick in wages won't do much to help Americans squeezed by debt and facing rising prices for medicine, child care, housing, and other essentials
If American prosperity is going to be equitable and broadly shared, workers need enough power to contend with CEOs and owners of capital when they all meet at the bargaining table.
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