Quotes from the news wire:
Workers have had more bargaining power to get larger wages, but firms have also had power to set higher prices, and the prices are beating the wages.
And they're falling behind, not because wage growth is slowing, but because price growth is so high, and that's a worrisome sign for the future.
It's a decent-sized deal.
Found on CNN 8 months ago
I think there's a bunch of things we don't talk about because they went well.
There's no playbook for fixing the supply side of the economy, it's not like in economic policy school they teach you here are the 12 things to do to rapidly fix the supply side in an economy.
The public hasn't caught on to the idea inflation control is purely a job for the Federal Reserve, they expect the President to solve the problem.
For workers, this is bad news, wages are falling very rapidly over the last year and are way below where they were two years ago.
Found on CNN 11 months ago
That's one of the few sectors where people are making gains -- it's just that the pace of those gains have slowed down also.
My guess is it doesn't add up to very much, but it's absolutely worth doing regardless. They should be trying.
House prices are exploding right now. Everything in the housing sector is going up in price, it probably isn't the case that The Fed should be continuing to artificially hold mortgage rates down.
There's just a sense that they want to do bigger things.
The premature shift to austerity certainly slowed the economic recovery, for a lot of people, that lesson has been learned.
The recovery was slower from the financial crisis because the stimulus wasn't bigger.
Barack Obama had to tell people it could have been worse, joe Biden will be able to tell people it's gotten better.
The problem with the economic side is that if it lasts more than a few months, it then takes on its own momentum, if you look across the United States and across other countries, the unemployment rate can go up very quickly, but it cant come back down very quickly. It never has. A business whose balance sheet is in tatters after nine months without revenues might go bankrupt, it might go out of business, or it wont be in position to hire people back immediately even if demand returns.
Found on FOX News 3 years ago
My panel is outlining a balanced proposal to give people more control over their data, give small businesses more of a chance to enter and thrive, and create more predictability for the large digital companies, these recommendations will deliver an economic boost driven by UK tech start-ups and innovation that will give consumers greater choice and protection.
I have a lot of people pushing me, why? Why does it need to be 80 (percent) as opposed to 120, or 40? What's the evidence? i have just lost my ability to have any economic conviction around that as an anchor. Definitely it should not go to infinity.
You can certainly argue about whether the damage a Brexit would cause would be small, medium or big but it would definitely cause damage, especially for the Brits but also for the Europeans and the global economy, we don't need more uncertainty at the moment.
This is going to be a whole of government effort to empower consumers, workers and small businesses.
When the President personally gets involved is when it's of real great importance, in his mind, to consumers, to competition, and to the economy more broadly.
He was a key contributor to the economic team as the country was fighting the worst recession since the Great Depression and will bring his keen analytical skills to helping to continue to strengthen the economy.
Found on Reuters 7 years ago
They are between a rock and a hard place.
Found on CNN 8 years ago
If I was chairman of President Putin's council of economic advisers, I would be extremely concerned, they are between a rock and a hard place in economic policy.
It's a serious economic situation that is largely of their own making and largely reflects the consequences of not following a set of international rules.
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