A SIGN OF DAYS GONE BY No one is surprised that the Great Park failed. The typical OC resident’s response to the Great Park’s failure is “I told you they wouldn’t be able to do it.” It was obvious from the get go that the the Great Park money designated to fund the Great Park,Continue reading “How could Irvine's Great Park get screwed up so badly?”
Category Archives: Americans’ Confidence in the Economy
American’s mood on the economy not improving
The falling unemployment rate (6.3% in April) hasn’t done much to dent Americans’ pessimism about the economy. In a Pew Research Center survey released Monday, 65% of people say jobs in their community are difficult to find — down from the record levels seen in early 2010, but far above pre-Great Recession levels. Only 27% say jobsContinue reading “American’s mood on the economy not improving”
American's mood on the economy not improving
The falling unemployment rate (6.3% in April) hasn’t done much to dent Americans’ pessimism about the economy. In a Pew Research Center survey released Monday, 65% of people say jobs in their community are difficult to find — down from the record levels seen in early 2010, but far above pre-Great Recession levels. Only 27% say jobsContinue reading “American's mood on the economy not improving”
Wages stagnate as unemployment rate falls
Stagnating wages explain why Americans do not believe the falling unemployment rate is helping them very much. A new paper entitled Wages and Labor Market Slack, Making the Dual Mandate Operational . The Paper suggests that until wages increase, the economic recovery cannot be considered a success. That theory may explain the recent push toContinue reading “Wages stagnate as unemployment rate falls”
Inequality is now in every American’s thoughts
Issues of economic inequality are a part of the public discussion in a way they haven’t been for a long time, driven both by economists such as Thomas Piketty and people’s own experiences since the 2007-09 global financial panic. Americans have few doubts that inequality has grown: In a Pew Research Center survey from January,Continue reading “Inequality is now in every American’s thoughts”
Inequality is now in every American's thoughts
Issues of economic inequality are a part of the public discussion in a way they haven’t been for a long time, driven both by economists such as Thomas Piketty and people’s own experiences since the 2007-09 global financial panic. Americans have few doubts that inequality has grown: In a Pew Research Center survey from January,Continue reading “Inequality is now in every American's thoughts”