Tag Archives: Employment

I’ve written a blog post about this year’s Alternative Federal Budget (AFB). Points raised in the blog post include the following: -This year’s AFB would create 470,000 (full-time equivalent) jobs in its first year alone. By year 2 of the plan, 600,000 new (full-time equivalent) jobs will exist. -This year’s AFB will also bring in universal pharmacare, address involuntary part-time employment among women, eliminate tuition fees for all post-secondary students in Canada, speed up...

Productivity growth (the rate at which technology is displacing workers) had slowed to roughly 1.0 percent annually in the years since 2005. This compares to a 3.0 percent growth rate in the decade from 1995 to 2005 and the long Golden Age from 1947 to 1973. Most economists expect the rate of productivity growth to remain near 1.0 percent as opposed to returning back to something close to its 3.0 percent rate in more prosperous times.…  It is also worth noting that the high productivity...

JG v. UBICounterpunchThe Unemployment ConspiracyBruce Lesnick

On December 8, 2017, the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – November 2017 – which showed that total non-farm employment from the payroll survey rose by 228,000 in November, slightly less than the October net increase. While the payroll data showed a fairly strong employment outcome, the Labour Force Survey data estimated a weaker rise in employment (57 thousand) in November. The labour force was estimated to have...

Yesterday I spoke to a group of important economists about my book The Production of Money - but omitted to make one important point. So am making it here. Savings are not needed for investment. Ever. There is absolutely no need for example, for the Chancellor to rattle the tax collection box, or cut government spending - to...

New data shows continued weak inflation in US, Europe Asia TimesStill no Phillpsy-Curve David P. GoldmanUS tax bill gets huge boost as McCain says yes

Posted by Nick Falvo under aboriginal peoples, Alberta, budgets, Child Care, cities, demographics, education, employment, environment, fiscal federalism, fiscal policy, gender critique, homeless, housing, HST, income, income distribution, income support, Indigenous people, inflation, minimum wage, municipalities, NDP, oil and gas, poverty, privatization, progressive economic strategies, Role of government, social policy, taxation, wages, women. November 29th, 2017Comments:...

Ah, productivity. Who knew that our whole prosperity was totally dependent on a concept as nebulous as this?To be sure, it doesn't sound nebulous. It is output per worker per hour. What is so difficult about that?The problem is how you define "output". Usually, we take this to mean GDP (gross domestic product), though we might use GNP (gross national product) or GVA (gross value added). In this post, I shall use GDP.As Diane Coyle has engagingly written, GDP is a deeply flawed measure....

On August 19, 1964, the then US President Lyndon B. Johnson established the – National Commission on Technology, Automation, and Economic Progress. He established the Commission in response to growing concern during the deep 1960-61 recession that the unemployment had been created by the pace of technological change. Ring a bell! He wanted to an inquiry to explore this issue and come up with recommendations on how to deal with the possibility that automation was wiping out jobs and the...

Michael Stephens | October 27, 2017 Today at the New School, L. Randall Wray and Stephanie Kelton take part in a public workshop organized by the National Jobs for All Coalition that is focused on developing a “A New ‘New Deal’ for NYC and the USA.” Wray and Kelton will be sharing initial findings from an upcoming Levy Institute project that proposes a universal job guarantee for the United States. The program would create...