Lack of competition, the Biden administration argues, goes a long way to explain why pay for a large share of the American work force is barely higher, after accounting for […]
Economics (Theory and Philosophy)
Trending topics and news from the Economics (Theory and Philosophy) category
Back to news homeModern Monetary Theory Got a Pandemic Tryout. Inflation Is Now Testing It.
The problem is that the alternative to a Fed response is, at the moment, not obvious. The Biden administration’s attempts at tamping down price increases — longer port hours, release […]
Economists Pin More Blame on Tech for Rising Inequality
Yet the technological shift evolved as growth in postsecondary education slowed and companies began spending less on training their workers. “When technology, education and training move together, you get shared […]
Biden Says Spending Bill Will Slow Inflation. But When?
Rocketing inflation has become a headache for U.S. consumers, and President Biden has a go-to prescription. He says a key way to help relieve increasing prices is to pass a […]
Black Workers Stopped Making Progress on Pay. Is It Racism?
Consider information technology, which offers some of the best-paid jobs in the country. African Americans earn around one in 10 bachelor’s degrees in computer science nationwide. By contrast, they account […]
Once Tech’s Favorite Economist, Now a Thorn in Its Side
Paul Romer was once Silicon Valley’s favorite economist. The theory that helped him win a Nobel prize — that ideas are the turbocharged fuel of the modern economy — resonated […]
Is It Time to Panic About Inflation? Ask These 5 Questions First.
Typically, these relative price changes are not a problem of macroeconomics — something best solved by the Federal Reserve (by raising interest rates) or Congress (by raising taxes) — but […]
Unemployment Job Search Requirements Return. Is It Too Soon?
A tenet of the American unemployment system has been that anyone collecting benefits, in good times and bad, must look for work.That quid pro quo changed early in the pandemic. […]
Biden’s Proposals Aim to Give Sturdier Support to the Middle Class
Skeptics have warned of government overreach and the risk that deficit spending could ignite inflation, but Mr. Biden and his team of economic advisers have, nonetheless, embraced the approach.“It’s time […]
Biden’s Spending Plans Could Start to Tackle Inequality
The coronavirus pandemic has threatened to rapidly expand yawning gaps between the rich and the poor, throwing lower-earning service workers out of jobs, costing them income, and limiting their ability […]