Fighting inflation is an important duty of the Federal Reserve. But, the pain of that fight is far from equal.
Tag: Income inequality
Who Won the Race Between Wages and Inflation?
Inflation was a big topic in 2021. But how damaging inflation is to workers depends on a race between it and wages.
Elasticity: It’s for More than Just Socks
You’d think food delivery drivers would see huge increases in earnings during the pandemic, as demand increased. But, you’d be wrong. Why? Elasticity.
To “V” or Not to “V.” Is this a V-Shaped Recovery?
Have we had a “V-shaped” Recovery? Would you accept V-ish?
You’ve Been Screwed by Inequality Too.
We’d like to think that when our economy grows, that we all see that growth. But, that isn’t what’s happening.
Does Globalization Increase Inequality?
Does globalization also contribute to rising inequality in the U.S.? Its complicated.
Polarization and the Falling Middle
Machines are good at routine tasks. This fact has spelled trouble for middle-income workers.
Is Technology Biased?
One culprit for slow growth among middle-income workers could be technology, which tends to benefit some workers more than others.