Dean Baker, Truthout

Dean Baker

Truthout

Utah, United States

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Recent:
  • Truthout
Past:
  • CEPR
  • CNN
  • HuffPost
  • Project Syndicate
  • BillMoyers.com
  • Fortune
  • PBS
  • Al Jazeera English

Recent articles by Dean:

Unemployment Falls to 6.9 Percent

With COVID-19 numbers hitting new records almost daily, the future is anything but certain when it comes to employment. → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Record 33.1 Percent Surge Still Leaves GDP 3.5 Percent Below Pre-Pandemic Level

The trade deficit reached a record in the third quarter. GDP grew at a record 33.1 percent annual rate, as the economy bounced back from the pandemic-driven shutdowns in the second quarter. However, even with this record growth, the economy was still 3.5 percent below its pre-pandemic level. If we assume a modest 2.0 percent […] → Read More

Economy Adds an Abysmal 661,000 Jobs as Further Layoffs Loom

The large jump in long-term unemployment and people leaving the labor force are ominous signs for the future. → Read More

Less Than Half of Jobs Lost at Start of Pandemic Have Been Recovered

The economic downturn continues to hit the most disadvantaged groups hardest. → Read More

US Has Lost 12,881,000 Jobs Since February. Lowest-Paid Workers Are Hit Hardest.

There is no evidence that generous unemployment benefits are making it difficult to find workers. → Read More

Despite Job Gains in June, Recovery Will Slow Without Congressional Action

We are still very far from a situation that is anything close to normal. → Read More

Profit Shares Soared After the Great Recession: News You Can't Get at the New York Times

Apparently Steven Rattner, a regular columnist at the New York Times, is unable to get government data on corporate profits. That is what readers must conclude from his column on the strength of the stock market in spite of a plunging economy. → Read More

Last Pre-Coronavirus Jobs Report Shows Strong Job Growth, Weak Wage Growth

Wage growth slowed further in February to just 3 percent over the last year. → Read More

Trump Wants to Inflict Severe Pain on Disabled Community Just Because He Can

Under Trump’s recent proposal, fewer people will be able to collect disability benefits. → Read More

Biden’s Failure to Confront His History on Social Security Isn’t Reassuring

Joe Biden’s assurances on Social Security shouldn’t count for much. → Read More

This is What Minimum Wage Would Be If It Kept Pace with Productivity

If the minimum wage had kept pace with inflation since 1968, it would be close to $12 an hour today, more than 65 percent higher than the national minimum wage of $7.25 an hour. While this would make a huge difference in the lives of many people earning close to the national minimum wage, it is actually a relatively unambitious target. → Read More

This is What Minimum Wage Would Be If It Kept Pace with Productivity

Until 1968, the minimum wage not only kept pace with inflation, it rose in step with productivity growth. The logic is straightforward; we expect that wages in general will rise in step with productivity growth. For workers at the bottom to share in the overall improvement in society’s living standards, the minimum wage should also rise with productivity. The distinction between inflation and… → Read More

Trump Wants to Funnel More Income Upward Through His China Trade Deal

Trump's trade deal with China is good for people like Bill Gates and companies like Boeing, but not for the rest of us. → Read More

Trump Touts Weak Trade Deals That Likely Won’t Benefit US Workers

Despite Trump's boasts, workers are unlikely to see any economic benefit from these deals. → Read More