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Maintaining Full Employment is the Key to Raising Wages

John Cassidy on the latest reports on median household income and why maintaining full employment is the key to raising wages.

New insurance model offers patients lower premiums for using just one health system

Brighton Health Plan Solutions is recruiting employers and health systems in the tristate area to join its Create marketplace To view the full story, click the title link.

A rail solution for Queens' growing economy

Queens is growing fast—really fast. The World's Borough has seen significant gains in population and in employment. To accommodate this continuing growth and alleviate the burdens it imposes on... To view the full story, click the title link.

The fastest growing sector in New York bodes well for good-paying jobs in the city

The technology sector has expanded faster than any other industry in New York City since the Great Recession, setting a new employment record of 128,600 jobs last year, state Comptroller Tom DiNapoli... To view the full story, click the title link.

In Blue States a Concerning Pattern is Setting Up a Fiscal Nightmare

There’s been a flurry of good economic news over the last few quarters, something for which President Trump has been at pains to congratulate himself over. America has essentially full employment. The economy is growing. The stock market has been kicking booty. Show More Summary

Why DACA is good for business

As the CEO of a travel company that employs 200 people in New York and over 500 people nationwide, I know our best investments are in the talented people who help make ideas come to fruition. Our... To view the full story, click the title link.

Here's your full preview of the jobs report on a big day for America's economy

Friday is packed with economic news on US employment, consumer sentiment, car sales, and manufacturing. Headlining these will be the monthly jobs report, due from the Bureau of Labor Statistics at 8:30 a.m. ET. To recap July, the economy added 209,000 jobs, many more than expected, thanks to strong hiring in the leisure and hospitality industry. Show More Summary

Productivity and market power in general equilibrium

Let’s assume away cyclical factors, so full employment always holds. If every sector of an economy becomes monopolistic, output will contract in each sector, and it might appear that productivity will decline.  But for the most partShow More Summary

When a union benefit fund becomes a battering ram

Hardball tactics are nothing new in zero-sum disputes between labor and management. But even by this low standard, a New York City union’s recent use of an employee benefit fund as employer... To view the full story, click the title link.

Don't ask, don't ask: Salary history inquiries are on the way out

A time-honored tradition in recruitment and hiring will change this fall in New York City. Starting Oct. 31, under an amendment to the city's Human Rights Law, New York City employers may no longer... To view the full story, click the title link.

You can make it in New York

The state of the city's economy should be viewed as an unmitigated success. More New Yorkers are gainfully employed than ever before. And jobs are being created in fields that produce goods and... To view the full story, click the title link.

English football and the war to abolish the wage cap

last monthSports / Football : Soccerlens

English football and the war to abolish the wage cap - originally posted on Sportslens.com In 1885, the Football Association announced to legalise the employment of professional footballers. Clubs could now pay their players a full working wage, quite in contrast to what had been the norm previously when teams were made up of amateurs. Show More Summary

The 10 crucial business books that explain why modern capitalism works the way it does now

Fifty years ago, capitalism in the West was based on manufacturing that provided well-paid, lifelong jobs and close to full employment. By the 1970s and 1980s that system was carrying a layer of credit and debt that made it more lucrative...Show More Summary

From Scratch: 1939

February 1939. Sebastian, Texas. "Migrant camp of workers who hope to get employment in the winter vegetable harvest. Daughter of white migrants reaching for stick of wood." Medium format negative by Russell Lee. View full size.

US Treasury 10Y-2Y Slope Falls Below 90 Basis Points As Labor Costs Drop

Despite nearly being at “full employment,” labor costs continue to drop in the USA. On this news and the lack of nonfarm labor productivity, the US Treasury 10Y-2Y yield curve slope fell below 90 basis points. Time for some snake … Continue...Show More Summary

The number of Americans holding multiple jobs is sending a 'troubling' message

More Americans need a second job to make ends meet Underemployment remains at or above pre-recession levels Stagnant wages suggest 'full employment' is a long way off How healthy is the US job market, really? This remains a major open...Show More Summary

Those throngs of applicants for Amazon warehouse jobs are sending a very troubling signal about the job market

Amazon's "Jobs Day" drew thousands of applicants across the country this week The huge crowds should be taken as evidence that — contrary to what the Federal Reserve says — full employment in the US is a myth. People who stood in lines...Show More Summary

The Threat to Birth-Control Access in the Trump Era

Alexis Okeowo on an executive order that would expand the employer exemption against offering health insurance with full coverage for birth control.

"The Lost Generation": Goldman Unemployment Charts Explain Just How Spoiled Millennials Are

This morning, Goldman's Econ team, led by Jan Hatzius, set out to identify why wage growth has been elusive despite the fact that unemployment rates and other labor utilization measures signal an economy at full employment. For evidence...Show More Summary

The Continued Bad Economy and the Need for Full Employment Policy

Let’s face it–for all the talk about an economic recovery after the recession, for most working and middle class Americans, their lives are no better. Sure, if you are a corporate shareholder, you have done great! But if you are a working class person, you haven’t. Continued automation and the removal of the last unionized […]

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