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How do you degrow?
How do you degrow? By We live nextdoor to my partner’s grandmother, Maria, who was born during the Second World War in Northern Italy. This means that she knows what hard times look like. Maria could not believe we would be using washable diapers for our baby boy. With genuine surprise she asked me, “why?”, […]
3 Things That Happened Just Before The Crisis Of 2008 That Are Happening Again Right Now
3 Things That Happened Just Before The Crisis Of 2008 That Are Happening Again Right Now Real estate, oil and the employment numbers are all telling us the same thing, and that is really bad news for the U.S. economy. It really does appear that economic activity is starting to slow down significantly, but just […]
Employment, Ecology, Extinction: French Students Take on the System to Save the Species
Employment, Ecology, Extinction: French Students Take on the System to Save the Species Photo Source Manifeste étudiant pour un réveil écologique | CC BY 2.0 It is difficult to get a man to understand something, when his salary depends upon his not understanding it. – Upton Sinclair On my last day of teaching Environmental Studies, […]
Hiding the Real Number of Unemployed
Hiding the Real Number of Unemployed Photo by James Lee | CC BY 2.0 Your government believes that exhausting your unemployment benefits is a cause for celebration — because you are no longer unemployed! Huh? Well, there is a slight of hand here. Only working people who are receiving unemployment benefits are counted as “unemployed” […]
Inflation or Employment
INFLATION OR EMPLOYMENT Inflationary fears are growing and US rates continue to rise Employment has become more flexible since the crisis of 2008/2009 Commodity prices have risen but from multi-year lows During the next recession job losses will rapidly temper inflationary pressures Given the official policy response to the Great Financial Recession – a mixture […]
Are We Nearly There Yet? Employment, Interest Rates and Inflation
ARE WE NEARLY THERE YET? EMPLOYMENT, INTEREST RATES AND INFLATION Rising interest rates and inflation are spooking financial markets Unemployment data suggests that labour markets are tight Central Banks will have to respond to a collapse in the three asset bubbles There are two factors, above all others, which are spooking asset markets at present, […]
Imaginary Wage-Inflation Conundrum
Imaginary Wage-Inflation Conundrum Economists are puzzled over the wage growth conundrum. Wages were supposed to rise significantly. They didn’t. Why? Let’s start with a look at the conundrum expressed in a Tweet. Lisa Abramowicz ✔@lisaabramowicz1 This is a confusing jobs report. US employers added the most workers since mid-2016, but hourly wages didn’t increase as […]
Oh Canada! Part-Time Jobs Crash Most In History
Oh Canada! Part-Time Jobs Crash Most In History The Canadian job market has never lost more part-time jobs – ever – than in January… Canada’s unemployment rate rose to 5.9% as total job losses for January dropped the most since 2009, but it was the 137,000 collapse in part-time jobs that stands out. So what […]
The Rowboat (Wages) and the Yacht (Assets)
The Rowboat (Wages) and the Yacht (Assets) As I keep saying: the status quo has divested the working and middle classes. The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and assets: wage earners (labor) are in a rowboat trying to catch the yacht […]
Economists Think Inflation Will Rise Sharply in 2018: They’re Wrong
Economists Think Inflation Will Rise Sharply in 2018: They’re Wrong Let’s investigate six reasons economists think inflation is about to pick in 2018, and why I think they are dreaming. Reason Number One – Wage Hikes Minimum wages rise in 18 states starting in 2018. Former Fed Vice-Chairman Stanley Fischer told Bloomberg TV on October […]
Wolf Blitzer Is Worried Defense Contractors Will Lose Jobs if U.S. Stops Arming Saudi Arabia
Wolf Blitzer Is Worried Defense Contractors Will Lose Jobs if U.S. Stops Arming Saudi Arabia SEN. RAND PAUL’S expression of opposition to a $1.1 billion U.S. arms sale to Saudi Arabia — which has been brutally bombing civilian targets in Yemen using U.S.-made weapons for more than a year now — alarmed CNN’s Wolf Blitzer on Thursday […]
Sometimes You Just Have to Go With the Flow When Nothing Flows
Sometimes You Just Have to Go With the Flow When Nothing Flows The central banks are clueless and have no control over the economy. This whole thing reminds me of Australia. I loved going into the Outback, driving through rivers, and seeing ant hills that were taller than the Jeep. I was invited to go […]
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According […]
Automating Ourselves To Unemployment
Tatiana Shepeleva/Shutterstock Automating Ourselves To Unemployment How shortsighted policies are creating a long-term crisis Students of Austrian business cycle theory are familiar with the term malinvestment. A malinvestment is any poor use of resources or capital, commonly made in response to bad policy (usually artificially low interest rates and/or unsustainable increases in the monetary supply). The […]
Why we have a wage inequality problem
Why we have a wage inequality problem Wage inequality is a topic in elections around the world. What can be done to provide more income for those without jobs, and those with low wages? Wage inequality is really a sign of a deeper problem; basically it reflects an economic system that is not growing rapidly enough […]
