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Full Employment

Federal Reserve Raises Key Interest Rate For Second Time Since The Financial Crisis

The Huffington Post | Daniel Marans | Posted 12.14.2016 | Politics

WASHINGTON ― The Federal Reserve raised its benchmark interest rate on Wednesday, a sign of growing confidence in the economy that is likely to pinc...

Full Employment And The Democratic Platform: Hillary Can Fix What Bill Broke

Dean Baker | Posted 06.27.2016 | Business
Dean Baker

As the 2016 Democratic presidential nominee, Hillary Clinton has the opportunity to correct a mistake made almost a quarter century ago. She can reaffirm the party's commitment to full employment.

Two Percent Unemployment

Paul A. London | Posted 05.20.2016 | Business
Paul A. London

Real full employment would be better than a hundred government programs for working people. Many of them, and especially white men, are angry because ...

Five Simple Formulas That Capture Today's Economic Challenges and Solutions

Jared Bernstein | Posted 03.21.2016 | Business
Jared Bernstein

Contemporary economics is often criticized for being too mathematical. How can we really capture the complex dynamics of what's happening in people's economic lives with a bunch of formulas?

The Federal Reserve Should Let Jobs and Wages Grow

Rep. John Conyers | Posted 12.15.2016 | Politics
Rep. John Conyers

If the Fed raises interest rates for the first time since the Great Recession, they will effectively be declaring "mission accomplished" on jobs and wages. But there is a major issue: The data simply does not support a rate hike.

Why These Progressives Want To Stop The Fed From Raising Interest Rates

The Huffington Post | Daniel Marans | Posted 12.02.2015 | Politics

The Federal Reserve is poised to raise its benchmark interest rate later this month. But advocates of full employment on Tuesday once again warned tha...

Fair Hiring Practices: Big Bang for Buck and Bipartisan Support

Jared Bernstein | Posted 10.13.2016 | Politics
Jared Bernstein

Try to think of a policy idea that has the following characteristics: it costs almost nothing to implement; it has the potential to help millions of highly disadvantaged people raise their living standards; it is supported by both President Obama and the Koch brothers. You're envisioning the null set, right?

Senior Democrat Has A New Plan To Trim Unemployment

The Huffington Post | Daniel Marans | Posted 09.18.2015 | Politics

The Federal Reserve may not have raised its benchmark interest rate on Thursday, but advocates of full employment still worry it could do so before th...

Social Security at 80: Expanded But Still Missing the Keystone

Gertrude Schaffner Goldberg | Posted 08.13.2016 | Politics
Gertrude Schaffner Goldberg

Eighty years ago, on August 14, 1935, President Franklin Roosevelt signed the Social Security Act, famously declaring: "If the Senate and House of Representatives had done nothing more... than pass this Bill, the session would be regarded as historic for all time."

Full Employment for Blue Collar Men

Paul A. London | Posted 05.26.2016 | Business
Paul A. London

I am reading "Daniel Patrick Moynihan, A Portrait in Letters of an American Visionary" edited by Steven Weisman. It is a good title because Moynihan was indeed a visionary.

No Excuse for Fed to Increase Unemployment by Raising Interest Rates: Movement to Hold Fed Accountable Gathers Steam

Mark Weisbrot | Posted 05.18.2015 | Politics
Mark Weisbrot

If America is to shed the title of "Land of Inequality," this is how it is going to happen: by more people becoming aware of how the Fed's monetary policy affects them and demanding that it change.

Clinton's Time Is Now

Brent Budowsky | Posted 01.05.2015 | Politics
Brent Budowsky

If and when she announces her candidacy for president, I suggest she express her resolve to bring full employment with fair wages to America, and announce a working group including Nobel laureates and leading economic thinkers to develop bold ideas to make full employment happen.

Jobs Day! First Impressions -- A Disappointing Report, But One Month Does Not a New Trend Make

Jared Bernstein | Posted 11.05.2014 | Business
Jared Bernstein

In a surprisingly downbeat look at last month's job market, today's jobs report shows payrolls up only 142,000 in August, a downward revision to June's gain, flat weekly hours, and a slight tick down in the labor force.

The Tradeoff Between Inflation and Unemployment: What We Don't Know Can Hurt Us

Jared Bernstein | Posted 09.27.2014 | Business
Jared Bernstein

To assert that economists are having trouble figuring out the relationship between inflation and unemployment is like saying chefs can't figure out what to do with salt and pepper. It's that fundamental. Yet, we're befuddled, and that has powerful policy implications.

Build a 21st Century Economy? GOP Stalls Even the Highway Bill.

Roger Hickey | Posted 09.12.2014 | Politics
Roger Hickey

Conservatives have blocked every significant plan for investing in jobs and growth since the stimulus. They claim they have an alternative, but their program has so damaged the recovery it deserves to be called what it is: economic sabotage.

Full Employment via Reindustrialization

Harry L. Langer | Posted 08.03.2014 | Business
Harry L. Langer

The primary reason for U.S. structural unemployment, economic stagnation, adverse balance of trade, and shrinking revenues is the export of our industries, services, and R&D and reliance on the importation of low tech goods.

'The Main Street Plan' -- How the Federal Reserve Can Put America Back to Work

Tom Pappalardo | Posted 07.22.2014 | Business
Tom Pappalardo

The focal point of it is for the Federal Reserve Bank to make available to member banks very inexpensive money on the condition that this money be used for business growth and expansion in America. This money must include the hiring of long-term unemployed workers.

Is Full Employment Still Attainable?

Kimon Valaskakis | Posted 04.21.2014 | Politics
Kimon Valaskakis

In a previous post, I focused on the growing danger of extreme income inequality in the world today. A complicating factor is that as more people are ...

Ownership -- The Minimum Wage Replacement

Gary Reber | Posted 04.13.2014 | Politics
Gary Reber

Whether or not raising the minimum wage is harmful and will cause less employment should be discussed within the larger scope of economic inequality. ...

Economic Inequality: The Widening Gap Between Rich and Poor

Gary Reber | Posted 03.21.2014 | Politics
Gary Reber

President Obama, in a speech in December 2013, called income inequality a bigger threat to the United States economy than the federal budget deficit, ...

To Fix the Problem of Inequality, Fight for Full-Employment

Roger Hickey | Posted 03.07.2014 | Politics
Roger Hickey

Conservative populism becomes most powerful, as we saw in the last mid-term election in 2010, when liberal politicians ignore the fundamental nature of the economic crisis and leave the field to conservatives on the issue that voters care most about: jobs.

How to Reverse the Increasing Reliance of Low-Wage Workers On Billions in Aid and Restore Economic Growth

Gary Reber | Posted 01.23.2014 | Politics
Gary Reber

The low wages paid to fast-food workers are costing taxpayers $7 billion a year in public assistance, according to a study released October 15, 2013 b...

A Solution to Eroding Retirement Security

Gary Reber | Posted 01.23.2014 | Politics
Gary Reber

Why are we not addressing how the system facilitates greed capitalism and envy while concentrating productive capital ownership among the 1 to 10 percent of the population?

The Wrong Deficit: Full Employment Requires More Spending and More Borrowing, Not Less

Tim Koechlin | Posted 01.23.2014 | Politics
Tim Koechlin

President Obama has, unfortunately, embraced the faulty premise that deficit reduction should be a top priority. He, along with a chorus of deficit hawks, longs for a "grand bargain" that would get the debt and the deficit "under control."

Dr. King, Full Employment, and Some Provocative Wage Trends

Jared Bernstein | Posted 10.28.2013 | Business
Jared Bernstein

There's a ton of interesting analysis out in recent days on the quite explicit though often under-appreciated economic thrust of the March on Washington that took place half-a-century ago today. Economist Joseph Stiglitz and others note the lack of black progress on many key variables: income, poverty, wealth, employment. Richard Reeves adds an important and trenchant analysis of the black mobility gap. I agree with these facts, but want to add an additional, simple point which is in danger of getting overlooked: the evidence shows the Dr. King was right. Full employment is a substantial part of what it will take to achieve economic justice.