Posts Tagged ‘Recession’

Jul
2013
29

The Emperor’s Old Clothes: False Recovery Being Masked by Everyone Looking at Wrong Numbers

The Emperor's Old Clothes: False Recovery Being Masked by Everyone Looking at Wrong Numbers
  On the Washington Post wonkblog, Dylan Matthews recently took a dive into depressing new Century Foundation research that suggests when the number of people retiring or dropping out of the workforce is considered, unemployment remains exactly where it was at the height of the recession.  In the Daniel Alpert study in question, low-wage…
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…
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