Job and Wage Growth Surge in January Center for Economic and Policy Research, Dean Baker I believe this report by Dean Baker to be a bit premature. If you are keeping up with New Deal democrat, he cites reasons why this still can go either way at this point. One reason is the Fed’s foot still on the brake. Another is manufacturing workweek is practically screaming “recession.” And U6 underemployment rate increased again. We could be near the...

McDonald’s wants to win back low-income consumers, Laura Bratton @ QUARTZ US customers making less than $45,000 stayed away in 2023. That could continue this year, executive says . . . McDonald’s chief financial officer Ian Borden told investors Monday (Feb. 5) that he’s looking for ways to win back the low-income customers the company lost last year. US consumers whose incomes fall below $45,000 are really important to the fast food...

Not about MMT but rather about "money."Today, I am sharing a January 12, 2024 interview of Yi Gang, former Governor of the People’s Bank of China, by 金融时报 Jinrong Shibao (literally Financial Times), a newspaper by the central bank.Yi obtained his Ph.D. in Economics from the University of Illinois Urbana–Champaign and became an Associate Professor with tenure at Indiana University–Purdue University Indianapolis, before going back to Peking University, his alma mater. He later joined the...

Not surprisingly most have a wrong understanding of this.

The Senior Loan Officer Survey makes an important turn   – by New Deal democrat The Senior Loan Officer Survey is a long leading indicator, telling us about credit conditions that typically turn worse a year or more before the economy turns down, and improve just at the economy is ready to turn up. The one downside is that the information is only reported Quarterly, and with a one a one month lag. Which is a way of saying that data for Q4 of...

Sydney University's Revolutionary Feminist Strikes

from Maria Alejandra Madi and RWER issue 106 Anthropogenic climate change and ecological breakdown are now major threats to human life and other species. It is widely acknowledged that mainstream economic theory and especially neoclassical theory lack adequate concepts to address these problems and arguably have contributed to them through misdirection and delay. “Complexity” sciences, however, are now widely adopted but have as yet made little impact on economics. In this short article I...

Les mensonges de la ministre de l’Éducation, Amélie Oudéa-Castéra La ministre de l’Éducation, Amélie Oudéa-Castéra, a récemment été au cœur de plusieurs scandales qui ont secoué le paysage politique français. Ces scandales ont soulevé des questions sur son leadership, sa gestion et son intégrité en tant que responsable de l’éducation nationale. [embedded content]

Figure 1: Variation in the Economic Life of a Machine with Technical Progress This post varies the coefficients of production in an example from Bertram Schefold. I wanted to have 'nice' fractions at a time of zero. Qualitatively, this looks like a previous post. Reviewers for a recent rejection of an article with another fixed capital example objected to this type of model. I need to relate technical progress to a well-known type (Harrod-neutral, Marx-biased, or whatever) or produce some...

Employers’ hiring rate fell sharply in 2023, Zhao said. And workers are quitting less. Fewer people are changing jobs. Business Insider. And Jobs are hard to find even with low Unemployment. Open Thread February 2 2024 federal judge tosses disinformation superspreader Robert F. Kennedy Jr.’s lawsuit, Angry Bear ...