Economics, Media and Mass Manipulation
Change is inevitable when the cards are stacked against so many people.
wages
Towards a Wage-Led Recovery
A new issue of the International Journal of Labour Research has been published “While a lot of attention has been deservedly given to the financial roots of the current economic…
Danger: Wage Deflation Ahead
The labour market is in much worse shape than the official 7.3% unemployment rate implies. The latest evidence for this proposition is today’s miserable report on employment and earnings from…
Update on Falling Real Wages
I’ve blogged on this before, and continue to be surprised by the lack of attention paid to the significant ongoing decline of real wages. Falling wages are a key indicator…
Wednesday Morning Links
Miscellaneous material for your mid-week reading.- I'd think it's long past the time where any informed observer could cling to hope that the Harper Cons see good government as a…
Recovery Demands Increase in Labour’s Share
The just-released 2011 ILO World of Work Report is a must read for progressive economists. Released on the eve of the G-20 meetings, the report underlines the gravity of the…
Why occupy? It’s the inequality.
The Occupy Wall Street protests hinge on injustice, in particular a malaise with the current economic system that has brought us a tremendous inequality and the rise of the super-rich,…
Who’s over or under-paid?
We all know that the wages and compensation individuals receive in private competitive markets reflects their productivity, unless pesky unions and government regulations get in the way–because Economics 101 (and…
Wage Deflation Confirmed
In an earlier post, I noted that falling real wages as indicated by July and August data from the Labour Force Survey which showed increases of just 1.4% in hourly…
Why even conservatives are worried about rising inequality
This essay was commissioned by the National Post. It was published in today’s edition under the headline “A Problem for Everyone“. In the print edition, the overline - a large…
Falling Real Wages Signal Trouble Ahead
The Labour Force Survey for August showed that average hourly wages were up by just 1.4% from a year earlier, the same low level of increase as was registered in…
On the Ontario NDP’s 2011 platform.
Okay. The Ontario NDP's platform. The Plan for Affordable Change (warning: PDF). Jeez, focus-group that name much? I'm splitting this into the four areas that the ONDP did in the…
Use University Research to Increase Manufacturing Jobs
Manufacturing jobs have been declinining as a percentage of total jobs in most OECD countries for several decades, with Ontario being especially hard-hit as a jurisdiction. At the end of…
Incomes and the Recession
Today’s Statscan release “Incomes of Canadians” provides data for 2009 and a partial reading on the impacts of the recession. (I say partial because the 2008 annual average data were…
The Case Against Wage Insurance
At the CEA meetings I participated on a panel organized by IRPP to discuss a recent paper – by Finnie and Gray - on older laid-off workers and the policy…
Is Canada’s Economy Wage-Led?
The parenthetical reference to Canada in my last post prompted several good comments. This post attempts to summarize and address them. Dr. Stockhammer has co-authored a paper with estimates for…
Do Wages or Profits Lead Growth?
Earlier this month, I served as the discussant for a presentation by Engelbert Stockhammer, an economics professor from Kingston University in London. He was speaking at a conference organized by…
Shock and Awful – The Truth Behind CIT Cuts
Cutting corporate income taxes doesn’t create jobs. They may raise wages, but probably not for you and me. And they mean Canadian taxpayers are paying more….to help the Americans pay…