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At the current 1% growth, real wages and salaries are doing better than during many periods over the past 42 years. → Read More
A good second quarter, but where’s the sustained growth? → Read More
There is a persistent myth that the Social Security program is supported by a huge trust fund valued at nearly $3 trillion. → Read More
When the market for jobs improves, more folks become emboldened to quit their jobs. → Read More
April’s fall in the unemployment rate to 3.9% has prompted renewed questions in the mainstream media about the modest pace of wage gains. → Read More
First, the upbeat news in this morning’s report that real gross domestic product in the January-March quarter grew at an annualized rate of 2.3%. → Read More
Over the past week, we were confronted with all three. → Read More
Small businesses’ optimism is spiking, a sign that the pickup in economic growth may be a sustainable trend. → Read More
A close look at 150 years of stock market data from Jeremy Siegel suggests it’s time to curtail expectations. → Read More
Bridgewater’s founder Ray Dalio ties success of his hedge fund to more than 200 principles; and why the Koran matters. → Read More
Milton Friedman, Thomas Sowell, and the Big Questions in Economics. → Read More
By 2027, the federal debt will climb to $25 trillion and will rise rapidly from there. → Read More
We lauded him nearly two decades ago. Now, not so much. → Read More
Richard Rothstein’s The Color of Law offers a sharp critique of government housing policies that deliberately discriminated against blacks. → Read More
We need to reconcile declining savings data with the vast increase in U.S. household wealth. → Read More
Tooth-fairy economics triumphs in GOP tax-cut plan. → Read More
Forget the debt ceiling—our refusal to deal with federal deficits is the real crisis. → Read More
Labor data refute Jeffrey Sessions’ assertion that immigrants steal Americans’ jobs. Just do the DACA math. → Read More
GDP Up Nicely in Trump’s First Quarter, but extrapolating from good three-month showings proved disappointing under Obama. → Read More
Why wage growth should rise: Analyzing the underlying factors suggests a slow and steady acceleration to 4% annually over the next few years. → Read More