Article Artículo
The Real Cost of Fast FoodAs the nation debates the low wages of fast-food workers, the University of California, Berkeley Labor Center has released a report entitled Fast Food, Poverty Wages, which reveals the cost of public benefits programs for fast-food employees. The paper discusses how the low wages, low work hours, and limited employer-provided benefits leave over half of fast-food workers with little choice but to rely on government assistance programs to get by.
CEPR and / October 31, 2013
Article Artículo
Robert Samuelson Is Confused About the Affordable Care ActDean Baker / October 31, 2013
Article Artículo
An Upward Redistribution of Income, not an Improving Economy Explains the Drop in the DeficitDean Baker / October 31, 2013
Article Artículo
Members of Congress Feel No Pressure to Reverse Policies Causing Mass UnemploymentDean Baker / October 31, 2013
Article Artículo
Latin America and the Caribbean
Gobiernos sudamericanos deben apoyar el derecho de los hondureños a soberanía y elecciones libresMark Weisbrot / October 30, 2013
Article Artículo
Social Security COLA to increase by 1.5 Percent in 2014Changing the basis of the COLA to the chained CPI would cut an already modest cost-of-living-adjustment.
The Social Security Administration has announced the Social Security cost-of-living-adjustment (COLA) will be 1.5 percent in 2014. Beneficiaries will begin seeing the increase in their checks in January.
It is worth noting that this COLA based on the consumer price index for wage and clerical workers (CPI-W) is likely to be lower than the rate of inflation shown by the BLS experimental elderly index (CPI-E), which is designed to reflect the purchasing patterns of the elderly. The biggest differences between the two indices are the weights assigned to health care and housing, with both components accounting for a much larger share of the CPI-E than the CPI-W.
Dean Baker / October 30, 2013
Article Artículo
Jeff Bezos' Newspaper Works With Republicans to Create Scandal Over ObamacareDean Baker / October 30, 2013
Article Artículo
The Fed Becoming Insolvent: Things to Worry About After We're DeadDean Baker / October 29, 2013
Article Artículo
Latin America and the Caribbean
South American Governments Should Support Hondurans’ Rights To Sovereignty and Free ElectionsMark Weisbrot / October 29, 2013
Article Artículo
The Fed Really Needs Someone Who Can Think Clearly on BubblesDean Baker / October 29, 2013
Article Artículo
Housing Market Continues to Slow In SeptemberOctober 29, 2013
Dean Baker / October 29, 2013
Article Artículo
The Trans-Pacific Partnership: A Trade Agreement for ProtectionistsDean Baker
Truthout, October 28, 2013
Dean Baker / October 28, 2013
Article Artículo
Alan Greenspan Owes America an ApologyDean Baker
The Guardian Unlimited, October 28, 2013
Dean Baker / October 28, 2013
Article Artículo
The Enduring Pain of the Economic Collapse, According to the IMFWith the specter of Alan Greenspan again haunting the world, it’s a good time to tabulate the damage that he and his fellow central bankers inflicted. The International Monetary Fund (IMF) gives a simple way to construct a scorecard. The IMF routinely estimates potential GDP for most of its members. The estimates of potential are supposed to reflect the economy’s level of output if it was at full employment.
The IMF also makes projections of levels of GDP for the mid-term future, typically a five-year time-frame. These projections are in effect projections of potential GDP since they do not assume that countries will enter recessions in this five year period or alternatively, if they are currently in a recession that they will have recovered.
Dean Baker / October 28, 2013
