Posts Tagged ‘Economy’

Jun
2015
24

BLS Figures Paint Bleak Picture of IL Economy, Refute Gov. Rauner Claims of Union-Driven Ills

BLS Figures Paint Bleak Picture of IL Economy, Refute Gov. Rauner Claims of Union-Driven Ills
  Illinois Governor Bruce Rauner has blamed almost all of the state’s economic woes on unions and pensions, but a look at the numbers shows the real problem may be the small group of workers he is trying to protect.  Creating “Right-to-Work” zones and making drastic changes to the state pension system are cornerstones of [&hellip...
Oct
2014
21

CHART: Financially, It’s 1986 for the Bottom 90% of Americans

CHART: Financially, It's 1986 for the Bottom 90% of Americans
  Just in case you need a reminder of how lopsided the economy has become, a new paper from economists at the London School of Economics and the University of California at Berkeley shows the bottom ninety percent of American families are no wealthier than they were in 1986.  While the top 10 percent and, [&hellip...
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Sep
2013
12

REPORT: Fracking Added $1200 to Average Real Household Disposable Income in 2012

  NOTE: the article discussed below is paywalled on the WSJ site An article this week from the Wall Street Journal argues that the remarkable uptick in U.S. oil and natural gas production may be the country’s best anti-poverty program.  In both lowering household costs and providing large influxes of cash to those willing to [&hellip...
Jun
2013
11

Indiana One of Just Eight States to See Tax Revenue Decline. Is “Right-to-Work” to Blame?

  The Fort Wayne Journal-Gazette threw a quick jab at Indiana’s “Right-to-Work” law — controversially adopted last year — in the “Furthermore” section of their paper last week: The report from the Nelson A. Rockefeller Institute of Government showed state collections from major revenue sources...
May
2013
30

Chinese Wages are Rising While American Wages Fall. Amazingly, This Might Be a Good Thing.

Chinese Wages are Rising While American Wages Fall.  Amazingly, This Might Be a Good Thing.
  The new Global Wage Report from the International Labour Organization (ILO) shows that wages for American and Chinese workers are trending in opposite directions. The bad news? Chinese wages are rising while American wages fall. It’s convenient to suggest that the 2008 financial crisis and the ensuing global recession are to blame for...