Working Life

   There is a deep, deep disconnect between how the political leaders, chattering classes and traditional media view what is happening in the economy versus how the rest of the people feel the economy in their everyday lives. This has been true for quite a long time. But, it is even more true today, at […]

Read the full story

  The tragedy in Japan is real and the loss of life truly sad. But, there is one other piece of knowledge to glean today that is a long-term keeper: how disasters are GOOD for the Gross Domestic Product, and what that tells us about how we think about "recovery" and "economic growth".     […]

Read the full story

   I believe that we can fix the economy–but it will take a focused and entirely different approach. For a long time, I’ve maintained that the government statistics on economic growth often don’t match the reality regular people face. Today, we learn: Spending by Americans took a big tumble in September, as they lost a […]

Read the full story

   We would all agree that we want a "healthy" economy. But, what constitutes healthy? It certainly isn’t the economy we have today, where hundreds of millions of people around the globe struggle to survive, even in "good times" when government statistics tell us we should be thrilled and happy because the economy is "growing". […]

Read the full story

I see the Consumer Price Index and the reality of workers wages are giving out more signs of the increased pressure on the average worker. My friends at the Economic Policy Institute point out that prices are rising faster than wages. For the 11th consecutive month, prices have risen faster than wages (click the image […]

Read the full story