wage

[OP-ED]: The real problem for the Democrats

 07/04/2017 - 16:02
The Democratic Party has reacted to its series of recent election losses by once again concluding that it needs a better economic message. As Senate Minority Leader Chuck Schumer said last Sunday, “Democrats need a strong, bold, sharp-edged and common-sense economic agenda.” EFE

The only disagreement within the party is about how sharp-edged and left-wing that message should be. But it is increasingly clear that the problem for Democrats has little to do with economics and much more to do with a cluster of issues they would rather not revisit -- about culture, social mores and national identity.

Tuesday, July 4, 2017 - 4:00pm

[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.

Friday, June 30, 2017 - 8:15am

[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.”

Thursday, June 22, 2017 - 9:30am

[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.

Thursday, April 27, 2017 - 10:00am
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.

Tuesday, April 18, 2017 - 5:30am
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