Advertisement

wage

[OP-ED]: Postponing the next recession?

 06/30/2017 - 08:37
Economists from the Bank for International Settlements (BIS) in Basel, Switzerland -- a bank for government central banks -- find that the pass-through from wage increases to price increases has weakened. If this is confirmed and continues, it implies that inflation will remain tame for some time even if the economy continues to grow. EFE

This is not your father’s inflation -- and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted.

[OP-ED]: America’s postindustrial blues

 06/22/2017 - 09:43
Says Richard Reeves of the Brookings Institution in his new book “Dream Hoarders.” We should not be surprised that 58 percent of whites and 67 percent of whites without a college degree voted for Trump.

Ever since Donald Trump’s election, a cottage industry of politicians, journalists, scholars and commentators has sought to understand what motivates Trump supporters. Theories have ranged from globalization to a rebellion against Washington elitism to racism. But the true cause may have been overlooked: the “postindustrial society.”

[OP-ED]: The bumpy road to adulthood

 04/27/2017 - 14:43
The Great Recession’s high unemployment surely drove many young people back to their parents. The actual number of 18- to 34-year-olds living at home totaled 24 million in 2015. Two-thirds say they’re happy with their home life. The fact that more Americans go to college and graduate school than in the past has also delayed marriage, living independently and having children.

Growing up isn’t what it used to be. There’s a yawning gap between the end of adolescence and the beginning of adulthood: a period when millions of 20-somethings and 30-somethings have many adult freedoms without all the responsibilities. Social scientists have tried -- so far in vain -- to name this new life-stage, but no one should question its significance.

Plain Text Author: 
Robert J. Samuelson

Trump firmará hoy un decreto para limitar los visados a profesionales extranjeros

 04/18/2017 - 06:06
Members of the "Caravan Against Fear" , an activist group that fights against Trump anti-immigration policies in San Diego, California. EFE/David Maung

El presidente, Donald Trump, firmará este martes una orden ejecutiva para imponer un escrutinio más riguroso a los peticionarios de la H-1B y en lugares de empleo con empleados que tengan esa visa, para confirmar que no hayan desplazado a trabajadores estadunidenses.

Author: 

[OP-ED]: La meta del Dr. King evaluada: asuntos inconclusos para los Latinos y los Afroamericanos

 04/07/2017 - 14:40
4/4 protestors march around City Hall in Center City Philadelphia. LBWPhoto

Una meta del Dr. Martin Luther King Jr. ha inspirado a cientos de filadelfianos de diferentes razas, religiones y edades en la manifestación del Centro de la Ciudad el día 4 de abril – el cuadragésimo noveno aniversario del asesinato de King – donde todos renovaron la lucha por un aspecto ignorado de la lucha de King: los Derechos de Plata.

[OP-ED]: Dr. King Sized Goal: Unfinished Business for Latinos and African-Americans

 04/07/2017 - 08:54
4/4 protestors march around City Hall in Center City Philadelphia. LBWPhoto

A goal of Dr. Martin Luther King Jr. inspired hundreds of Philadelphians of different races, religions and ages at a Center City rally on April 4th – the 49th anniversary of King’s assassination – where they renewed the fight around an overlooked aspect of King’s advocacy: Silver Rights.

[OP-ED]: Should the Fed run the economy ‘hot’?

 03/14/2017 - 17:44
The recovery, though encouraging, is certainly no economic panacea. Mounting inequality remains a big issue. From 2000 to 2016, the best-paid 5 percent of men achieved a 30 percent wage increase, according to Bureau of Labor Statistics data analyzed by Gould. For women, the comparable gain was 24 percent.

Toward the end of 1942, Winston Churchill, in announcing a rare victory over the German army, uttered one of his more memorable phrases: “This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” The same might be said today of the American economic recovery. Progress, though real, is incomplete.

Plain Text Author: 
Robert J. Samuelson

This is not a celebration, this is a claim for our rights!

 03/10/2017 - 01:48
Hundreds of women took the streets in downtown Philly to raise their voices against the laboral, political and economic inequities. Photo: Peter Fitzpatrick/AL DÍA News.

Even before five o'clock in the afternoon, dozens of women with posters, megaphones, and pink caps were being seen walking downtown. The meeting was in Logan Square, in the heart of Philadelphia. The occasion? Well, that depends on the perspective: for an unaware bystander (who generally has no perspective), it was one more celebration of International Women's Day. 

Plain Text Author: 
Edwin López Moya

[OP-ED]: Which ‘American workers’ does Trump aim to protect?

 02/07/2017 - 07:26
Demonstrators protest with posters against US President Donald Trump in West Palm Beach (Fl, USA). Amid a day of nationwide protests against US President Donald Trump, some 3,000 people marched today in West Palm Beach, Fla., Where the president will participate in the annual fundraising dance that will celebrate the Cross American Red, who will attend with the first lady, Melania Trump. EFE

Among the flurry of jaw-dropping executive actions we’re trying to keep up with was President Trump’s withdrawal from the Trans-Pacific Partnership. The trade agreement between the U.S. and 11 other Pacific-rim countries was an attempt by the Obama administration to stem China’s growing influence in the region and around the world.

Plain Text Author: 
Esther Cepeda