So there are more jobs. But they're paying less. I'd frankly rather pay my existing people a little more to get things done in order to avoid hiring a new person at a higher wage. This is why new jobs added since the recession are not paying well.
Where is the good news to get us out of this funk of no growth and the pain of the recession still lingering for businesses and individuals?
Though in an earlier study I raised some questions about the claim that high inequality dampens growth, I clearly think there's something there, especially as regards mobility barriers, over-leverage leading to inevitable busts, and the interaction of wealth concentration and money-in-politics.
I'm a 51-year-old college graduate working a $20-an-hour job clearing dirty dishes off tables at black-tie events. Back when I had money and good income, I used to attend these functions, clad in tux and tails.
My view may not have been so different from that of Maureen Dowd, who once wrote that President Obama had to look deep into his soul to determine who he was. In her view, he emerged with the realization that he was Barry, president of the Harvard Law Review.
In 2014, most experts agree that we've already escaped the worst of the recent economic trouble. As the economy slowly recovers, and rough patches like joblessness and underwater mortgages become less common, the imperative to protect your credit still remains
While the state economy appears to be on the mend, it's certainly a slow one and Illinoisans are running low on patience. Job growth during the coming months could have a telling impact in November.
On top of devastating the country, wiping out many people's savings, and increasing the obscene gap between the wealthy and the rest of us, the Great Recession may have had the side effect of increasing racial tension.
Five years after the end of the Great Recession, the economy is far from healthy. A tragic mix of budgetary blunders and congressional inaction deserve the lion's share of the blame for this.
The wisdom and necessity of action can, and should, be debated. Those debates, like most foreign policy debates are discussions of strategy, scenarios and interests, but rarely seriously consider the needs and hopes of the American people.
There is outrage that leads to senseless violence and further repression, but there is also the potential for outrage that leads to peaceful protest, as in the civil rights movement and the anti-war movement that I was part of more than 40 years ago.
Is it time for me to surrender and join the bullish herd? No.
Long tech and short toil will fuel growth tomorrow, but whether we are able to stomach the journey today is far more unclear. The impact of the unfolding clash between technology and toil will be bruising in the shorter term. Its resolution will be critical to the future of economic growth.
Downshifting is a perfectly valid choice when you feel you also have the option not to take it; when you have all the information you need in order to make an empowered decision; when you have been given (or have earned) the tools to really choose.
Discouraging new forms of entrepreneurism that threaten established businesses, is a classic form of government interference that affects many different industries in the urban marketplace.
He remembers the exact date -- November 30, 2008. That is when Hue Galloway of New Britain, Connecticut was laid off with just a week's notice from his job repairing printers and computers throughout the state. His annual evaluations, he said, had been good -- 30 years of experience and 'never a bad review,' but that didn't keep him from being let go without any real explanation.