- published: 05 Aug 2017
- views: 1426
On Friday, the Dow hit its eighth consecutive record high and at the same time the Department of Labor released the July jobs report showing an increase of more than 200,000 jobs and unemployment falling to a 16-year low. CBS News business analyst Jill Schlesinger joins "CBS This Morning: Saturday" to discuss why the unemployment rate doesn't tell the whole story, what other number we need to pay attention to for a fuller picture of the labor market and why wage growth has been so sluggish. Subscribe to the "CBS This Morning" Channel HERE: http://bit.ly/1Q0v2hE Watch "CBS This Morning" HERE: http://bit.ly/1T88yAR Watch the latest installment of "Note to Self," only on "CBS This Morning," HERE: http://cbsn.ws/1Sh8XlB Follow "CBS This Morning" on Instagram HERE: http://bit.ly/1Q7NGnY Like "...
Robert Z. Lawrence argues that, contrary to a widespread perception of lagging wage growth, constant dollar labor compensation for all US workers has kept pace with output when appropriately measured from 1970 to 2000, and perhaps to as late as 2008.
Feb.16 -- Federal Reserve Vice Chairman Stanley Fischer discusses disparities in U.S. wages, what the Federal Reserve can do to boost wage growth, and expectations for improving U.S. economic conditions. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance."
► Subscribe to FT.com here: http://on.ft.com/2eZZoLI Across China’s labour force as a whole, hourly incomes now exceed those in every major Latin American state apart from Chile, and are at around 70 per cent of the level in weaker eurozone countries, according to data from Euromonitor International ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Feb.02 -- Dartmouth College Professor of Economics Danny Blanchflower discusses the Bank of England’s inflation forecast and unemployment. Blanchflower, who served on the Bank of England's Monetary Policy Committee as it cut rates to record low levels during the financial crisis, speaks on “Bloomberg Markets: European Close.”
Economic Collapse News. July Jobs report looks ugly the real question is where are the jobs. Why does the Fed only consider bad news transitory in place of actual transitory positions. Temporary hires and resteraunt workers held the major push. While we saw heavy losses in manufacturing and full time employment and real wage growth that does not keep up with inflation.
The economy lost 33,000 jobs in September, according to a report released by the Bureau of Labor Statistics on Friday. Economists were expecting a gain of 100,000 payrolls. The negative number was driven in part by the spat of hurricanes in September. Average hourly wages rose 2.9% year-over-year, beating estimates of 2.6%.
While job growth has been on the up and up since the Great Recession, wage growth has remained stagnant. Millennials in particular, have been left behind in the larger economic recovery. Economist Elise Gould explains why Millennials and the Middle Class continue to struggle, and offers some potential policy solutions for America's larger issue of income inequality.
By many accounts the United States labor market is booming. In July, the labor market posted its 82nd straight month of job creation and the unemployment rate fell to a 16-year low of 4.3 percent. However, despite these strong results, one important ingredient has been missing – wage growth. As the unemployment rate continues to remain low and an increasing number of businesses struggle to find qualified talent, wages should be rising – but, they haven’t. This is a concerning trend not only for economists, but for everyday Americans who feel the effect in their pocketbook. Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank, to get his insight into what may be holding back wage growth and what he sees going forward.
The Hamilton Project at the Brookings Institution will host a forum to explore the most effective policy options to revitalize wage growth.The forum will feature introductory remarks by former U.S. Treasury Secretary Robert E. Rubin, and a fireside chat between Neel Kashkari, President and Chief Executive Officer, Federal Reserve Bank of Minneapolis and Jared Bernstein, Senior Fellow, Center on Budget and Policy Priorities. The fireside chat will be moderated by Ylan Mui, Reporter, CNBC.
Our lead story: Erin takes a look at how some of the largest US companies parked their earnings in low tax countries. Many countries with low corporate tax rates use this as a vehicle to increase investment from abroad while also increasing jobs at home. US companies move to these countries to book profits offshore, but they also don't want to pay taxes on these earnings. Erin brings you more. Our guest today is author and economist Thomas Palley, who gives his view on the importance of wage growth and full employment in our ongoing economic recovery. Palley talks about the role of the Fed, and some alternative methods of financial regulation. Check out his ideas on what he calls "asset based reserve requirements." For today's Big Deal, Edward Harrison joins Erin to talk about what le...
Guests: Santosh Mehrotra (DG, Institute of Applied Manpower Research) ; Harvir Singh (Editor, MoneyBhaskar.com) ; Prof. Kamal Nayan Kabra (Economist) ; Sompal Shastri (Former Minister for Agriculture, Govt. of India) Anchor: Qurban Ali Air date: January 7, 2015
According to a 2012 industry survey, 34 percent of employers reported difficulty filling jobs, up from 30 percent of employers in 2009. In addition, many countries are experiencing double-digit wage growth, resulting in cost overruns, project delays, and cancellations. Understanding the drivers of wage growth can allow cost estimators to identify potential skills shortages and plan accordingly. Join this 1-hour webcast where IHS Economists will analyze the current labor market and provide insights to help you understand current and future pressures. The presentation will answer questions, including: - What are the primary drivers of wage growth? - What does the future hold for these wage drivers? - Which regions will experience the greatest inflation rates? - What indust...
Joe Rogan talks about Kratom, the opioid epidemic, the pot debate, and minimum wage. http://bit.ly/2iXikdb For the entire Joe Rogan Experience #1085 - Kyle Kulinski click here: https://www.youtube.com/watch?v=Sq1rX54u69U&t=9934s
Virginia Tech Economics Professor Suqin Ge on the earnings of rural-to-urban migrants in China, at the Asian Family in Transition Conference on Migration. Find out more at https://hceconomics.uchicago.edu/events/asian-family-transition-conference-migration
Wage Led Growth - 2
On September 26, the Hamilton Project at Brookings hosted a forum on wage growth in The United States. The forum began with introductory remarks by former U.S. Treasury Secretary Robert E. Rubin, and a fireside chat with Jason Furman, professor of practice, Harvard Kennedy School, and Lawrence Mishel, president, Economic Policy Institute. The fireside chat will be moderated by Catherine Rampell, opinion writer, The Washington Post. A panel discussion followed the fireside chat, featuring panelists including: Jared Bernstein, senior fellow, Center on Budget and Policy Priorities; Robert Greenstein, founder and president, Center on Budget and Policy Priorities; and Heidi Shierholz; senior economist and director of policy, Economic Policy Institute; the panel will be moderated by Jay Shambaug...
Representative Keith Ellison (D-Minn.) and Center For Community Change Executive Director Deepak Bhargava discuss the connection between raising wages and reducing poverty. Elise Gould, senior economist at EPI, presents findings from her latest report, Broad-Based Wage Growth is a Key Tool in the Fight Against Poverty. While policy efforts to fight poverty often focus on strengthening the social safety net and tax-and-transfer system, raising wages is a missing ingredient. As wages have stagnated, the link between overall economic growth and declining poverty has been severed. If wages had grown at the same rate as productivity since 1979, 7.1 million fewer people would be in poverty. Ellison, Bhargava, and Gould, discuss ways in which we can boost wage growth and thereby pull hardworkin...
Please join the Economic Policy Institute on Wednesday, June 4th at 9:30 a.m. ET, for the launch of Raising America's Pay, a new research and education initiative to make wage growth an urgent national policy priority. Secretary of Labor Thomas Perez will deliver the keynote address. Income inequality is a hot topic now among economists, policymakers, and the media but the discussion around preventing the growth of inequality too frequently sidesteps the need to foster wage growth for the vast majority of Americans who rely on their paychecks to make ends meet. Raising wages is the central economic challenge of our time—essential to addressing income inequality, boosting living standards for the broad middle-class, reducing poverty, and sustaining economic growth. The event will include ...
Labour's share of income fell quite sharply in the 2000s, reflecting the fact that real wage growth did not keep pace with growth in labour productivity. That real wage growth should match productivity growth has been something of a benchmark expectation. So why did it not happen in the 2000s? Was there some institutional mechanism that restricted wage growth? Or was it something else? This presentation will address questions raised above and the issues of whether wage growth was unduly 'left behind' over the last decade and whether there are grounds for 'catch-up' wage rises. Presented by Mr Dean Parham Workplace Relations Lecture—16 August 2013
Europe is experiencing robust recovery with 2% GDP acceleration in 2018, but will challenges such as low wage growth and a slower pace of banking reforms stymie growth? · Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom Moderated by · Stephanie Flanders, Senior Executive Editor, Economics, Bloomberg, United Kingdom http://www.weforum.org/