June 16, 2022

16 09:00:00 Junio 2022

The network’s coverage of the economy has been inflation, inflation, inflation 24-7. But inflation is not the whole story of the economy. We also have unemployment that is near 50-year low. That is a really big deal.

• Economic Crisis and RecoveryCrisis económica y recuperación

How Do We Get a Wage-Price Spiral When Wage Growth Is Slowing?

By Dean BakerDean Baker

June 12, 2022

12 10:00:00 Junio 2022

The pattern of wage-growth we are seeing is not consistent with a wage-price spiral story. The Fed would be making a bad mistake if it raises rates as though it were responding to one.

• InequalityLa Desigualdad

Socialism Ain’t What It Used to Be: Ezra Klein Interview with Bhaskar Sunkara

By Dean BakerDean Baker

June 11, 2022

11 07:00:00 Junio 2022

Liberal/left parties around the world in recent decades, have not only often supported policies that weakened unions, but they have also supported policies that directly redistribute money from the traditional working class to people with more education.

• Economic Crisis and RecoveryCrisis económica y recuperación

The Not Very Good May Price Report

By Dean BakerDean Baker

June 10, 2022

10 18:30:00 Junio 2022

It’s pretty hard to be happy about the May CPI report. It means lower real wages for workers and is another big piece of uncertainty in an economy shaking from both the pandemic and the war.

Washington Post Says Most Americans’ Economic Models Project Uptick in Inflation

By Dean BakerDean Baker

June 09, 2022

09 11:34:00 Junio 2022

With the media’s coverage of the economy focusing almost exclusively on inflation, it is not surprising that most people would expect inflation to pick up.

• InequalityLa DesigualdadUnited StatesEE. UU.

Do We Have to Give the Rich All of Our Money? Enforcing the Estate Tax

By Dean BakerDean Baker

June 06, 2022

06 12:35:00 Junio 2022

We need some good old-fashioned “law and order,” the super-rich have to be forced to pay the money they owe on the estate tax.

• Economic Crisis and RecoveryCrisis económica y recuperaciónUnited StatesEE. UU.

Janet Yellen Admits She Didn’t See Later Rounds of COVID-19 and the War in Ukraine

By Dean BakerDean Baker

June 04, 2022

04 17:38:00 Junio 2022

Yellen said she did not anticipate large shocks to the economy. Politico implied from this “admission” that the $1.9 trillion American Recovery Plan Biden was a mistake.

• Economic Crisis and RecoveryCrisis económica y recuperaciónJobsTrabajosUnited StatesEE. UU.

May Jobs Report Should Have Made Inflation Hawks Happy

By Dean BakerDean Baker

June 03, 2022

03 Junio 2022

The May jobs report should have made inflation hawks very happy. It shows moderating wage growth. This is definitely not a wage-price spiral story.

• Economic Crisis and RecoveryCrisis económica y recuperaciónUnited StatesEE. UU.

Contrary to What You Read in the Paper, People Are Not Spending Down Their Savings

By Dean BakerDean Baker

June 01, 2022

01 00:00:00 Junio 2022

The reported decline in the saving rate is deceptive. It is more likely that people have made large gains in the stock market and are cashing out some of these gains and paying capital gains taxes on them.

• Economic Crisis and RecoveryCrisis económica y recuperaciónHousingUnited StatesEE. UU.

Getting Rents Down, Converting Vacant Office Space to Residential

By Dean BakerDean Baker

May 27, 2022

27 Mayo 2022

Remote work is now a fact of life. If the office space is converted to residential space, it will put downward pressure on rents more generally. This is bad news for landlords, but it will mean more money for renters.