Tag: jobs
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Since its peak in 2007, the U.S. economy has lost almost 7 million jobs. Although the economy has begun to recover, jobs have been slow to return. Recent job growth has not been enough to keep up with growth in the country’s population. As Catherine Rampell’s comparative recession chart shows, this ... Read More
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The recession has been hard on most of us. A Brookings study found that American households lost $13 trillion of wealth—that's more than $40,000/person and about 15% of our net worth. With 15 million Americans jobless—and many of those out of work a long time—many of us are still using up our ... Read More
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February's employment numbers were better than expected. Economists had worried that the massive snowstorm that hit the eastern seaboard would depress employment more. As it was the economy still lost 36,000 jobs and the official unemployment rate remained at 9.7%. Nevertheless, as Brad DeLong says ... Read More
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America, we often hear, doesn't make things any more. The drop in manufacturing is sometimes blamed on free trade agreements and is seen as part of our long-term economic decline. In a fascinating article, Noam Scheiber connects the decline to the fact that our top business talent increasingly goes ... Read More
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When the most recent jobs report came out a week ago, Speaker of the House Nancy Pelosi's (D-CA) office circulated a striking chart showing the number of jobs the American economy lost each month since 2007. The months of George W. Bush's presidency are in red, and the months after Barack Obama ... Read More
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Over the course of 2009, the Dow Jones industrial index grew a healthy 17%. The Nasdaq grew a remarkable 41%. Over the same period the average compensation—the total cost of wages and benefits—for workers in the private sector grew just 1.5%. Adjusted for inflation, American workers made, on average ... Read More
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In politics, people usually see what they want to see. The truth is, President Obama would probably be attacked by the Right for reading a list of Republican talking points. And the State of the Union doesn't typically do much in the short term to shore up a President's approval numbers anyway. But ... Read More
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Unemployment is a peculiar feature of the division of labor. In a society where people are able to completely provide for themselves by hunting or growing their own food, barring some ecological disaster no one ever has to be "out of work." But where our ability to support ourselves depends on our ... Read More
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After the administration released estimates that the Troubled Asset Relief Program (TARP) to bail out failing financial institutions would cost $200 billion less than originally thought, President Obama suggested using the leftover money to on a program to create jobs. By law, any extra TARP money ... Read More
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About Politeia
America today is at crossroads. The threat of a major terrorist attack is very real, but it may be the least of our worries. We are on the verge of a global environmental crisis; our system of industrial agriculture may be unsustainable; the world’s fisheries are in danger of collapse. We are fighting two costly wars, neither of which seem likely to end soon. Health care costs are spiraling out of control. Our national debt is now the highest it has been as a percentage of GNP since World War II. And at the same time, we face important fights over abortion, same-sex marriage, and civil liberties.
How we handle these crises will determine the course the world takes in the coming years. Politeia serves as a guide to 21st-century politics as played for the highest possible stakes.
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