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Great Recession

An Anthropologist Looks at the United States

American Anthropological Association | Posted 04.23.2014 | Impact
American Anthropological Association

We need to look in the mirror, or be remembered as living in a mirage.

Nostalgia for the Past Won't Cure Greece's Ills

Daniel Wagner | Posted 04.23.2014 | Politics
Daniel Wagner

With just a few months until the upcoming double elections in Greece, the political system has never been more in a state of flux across the political spectrum.

Land: They're Not Making Any More of It

Anita Verma-Lallian | Posted 04.23.2014 | Business
Anita Verma-Lallian

There is an upswing for raw land. As demand for housing grows, demand for land grows. It's a simple fact of economics and American ingenuity.

Weak Employment Is American Austerity at Work

Harlan Green | Posted 04.09.2014 | Business
Harlan Green

Is economic growth grinding to a halt, even as pundits predicted better growth in 2014? It does look like past austerity policies are still holding U.S. back.

If You Want to Play Doctor, Don't Hire an Insurance Company as Your Receptionist

Barbara Garson | Posted 04.06.2014 | Politics
Barbara Garson

If it was hard for underwater homeowners to distinguish between bankers and bureaucrats while they were losing their homes, it will be even harder for frustrated sick people to untangle the public and private strands so tightly braided into the Affordable Care Act.

Will Your Job Disappear?

Erik Brynjolfsson | Posted 03.30.2014 | World
Erik Brynjolfsson

The improved technologies of the Second Machine Age will create enormous bounty, but shared prosperity depends on more than technology. It also depends on our willingness to reinvent our skills, organizations and policies to keep pace with accelerating technical change.

Capitalists for a Higher Minimum Wage

Michelle Chen | Posted 03.27.2014 | Politics
Michelle Chen

Unz has part of the equation right: Raising the wage floor brings up the rest of the economy. But he departs from the progressive view in a key respect: A higher wage floor won't really help workers unless it lifts all equally, built to be as level as it is broad.

I Am The New Working Poor And I'm Not Alone

Dennis Powers | Posted 03.15.2014 | Politics
Dennis Powers

I am the new working poor. The "better life" that my parents worked so hard to make for me, that I worked so hard to improve, had come down to this decision: whether to purchase food for my belly or the medication to prevent another stroke.

Paul Blumenthal

Millionaires Make Up The Majority Of Congress: Here's Why That Hurts Us

HuffingtonPost.com | Paul Blumenthal | Posted 01.25.2014 | Politics

WASHINGTON -- Millionaires occupy the majority of seats in Congress for the first time since ethics laws mandated personal financial disclosures, acco...

Zach Carter

Noam Chomsky: U.S. Politics Are Now 'Pure Savagery'

HuffingtonPost.com | Zach Carter | Posted 01.23.2014 | Politics

Author and activist Noam Chomsky said that the congressional controversy over extending unemployment benefits is evidence that American politics has d...

A $10.10 Minimum Wage Could Lift About 5 Million Out Of Poverty

The Huffington Post | Jillian Berman | Posted 01.23.2014 | Business

Raising the federal minimum wage to $10.10 an hour could help lift nearly 5 million people out of poverty, a new study finds. If Congress were to...

'Welcome' to the Sharing Economy -- Also Known as the Collapse of the American Dream

Steven Strauss | Posted 02.28.2014 | Politics
Steven Strauss

Americans aren't looking forward to their new careers as "micro-entrepreneurs." Being a "micro-entrepreneur" in this brave new world seems instead just a euphemism for being an employee, except with reduced compensation, job security, benefits and protections.

2013's Most Important Charts

Economic Policy Institute | Posted 12.21.2013 | Business

This post originally appeared on EPI.org As we say goodbye to 2013, the economy is still failing ordinary workers. What is being done to make it...

The One Percent Is Hogging So Much of Our Income That It's Holding the Economy Back

Anthony W. Orlando | Posted 02.16.2014 | Politics
Anthony W. Orlando

The reason is quite simple: Those workers are also consumers. When the 99 percent earn more, they spend more, and the one percent can produce more and earn more themselves.

How Did High-Level Executives Escape Scot-Free From The Financial Crisis?

The New York Review of Books | Posted 12.16.2013 | Business

Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still million...

The Great Divergence

Harlan Green | Posted 02.15.2014 | Business
Harlan Green

The so-called "minimalist" budget deal just reached by Congress is another illustration of the great divergence in wealth distribution of recent year...

A New Deal for Christmas

Leo W. Gerard | Posted 02.15.2014 | Politics
Leo W. Gerard

As the GOP abruptly ends unemployment benefits, Republicans intend to slash food aid as well. They want to cut $4 billion a year from the food stamp program that many jobless families depend on for meals. This will occur as struggling food pantries report bare shelves.

Connecting Students to the Workforce in Washington, D.C.

Gabriel Sanchez Zinny | Posted 02.04.2014 | Latino Voices
Gabriel Sanchez Zinny

Part of the problem in D.C., and nationwide, is the stigma that comes from not pursuing a traditional, college-oriented high school diploma. Our obsession with four-year colleges is certainly one of the reasons why disconnected youth see dropping out as their only other option.

Moving Beyond GDP

Sean McElwee | Posted 01.26.2014 | Business
Sean McElwee

The 2007 economic crisis and the lingering stagnation it wrought has lead economists, philosophers and policymakers to a profound rethinking of how we measure economic performance and social progress.

Equality Is Good For Everyone!

Harlan Green | Posted 01.25.2014 | Business
Harlan Green

It looks like some states are beginning to take the equality issue seriously again. Massachusetts just raised their minimum wage to $10 per hour, Cali...

Economists and Labor

Henry M. Banta | Posted 01.25.2014 | Business
Henry M. Banta

Neoliberal economic philosophy has dominated the debate on economic policy. It has limited the very language in which our political debates have been conducted. The simplistic model of the perfectly competitive market has been the standard against which all public policies have been measured.

Is the Housing Boom in Phoenix Creating Another Bubble?

Anita Verma-Lallian | Posted 01.25.2014 | Business
Anita Verma-Lallian

The current market portends a promising future for growth of Phoenix. We have survived one of the worst real estate recessions of all times, and now we are moving into time of expansion for housing. In a state that sees sunlight 85 percent of the year, the future of Metro Phoenix's housing market is just as bright!

The Cause of Public Good in Peril: Free-Market Deceptions and the Breakdown of the Collective Consciousness

Edward Kubow | Posted 01.23.2014 | Politics
Edward Kubow

Civilization is a joint project that requires as much heavy lifting on the part of government as it does leadership of the market. Its greatness is neither going to be defined by the size and power of its corporate entities and how well governments balance ledgers nor by the hoarding of wealth by a few.

Thanks For Nothing, Washington!

Harlan Green | Posted 01.23.2014 | Business
Harlan Green

Democrats have bought the Republican lie that Democrats were the big spenders, it seems, with the draconian federal budget cuts enacted over the past ...

Ravages of the Great Recession

Sheldon Danziger | Posted 01.23.2014 | Politics
Sheldon Danziger

In the "good old days," Washington would have tried to soothe our lingering economic pains. But now, Congress's dysfunction -- particularly its preoccupation with slashing the federal deficit -- is prolonging our collective pain.