EU, #Eurozone in full deflation in Jan -0.5/-0.6%. In fact, Malta & Austria are only 2 EZ states NOT in deflation pic.twitter.com/JGRf2HLrAx
— Prime Economics (@primeeconomics) February 25, 2015
Yes, Some Companies Are Cutting Hours In Response To ‘Obamacare’
28 Feb 2015 Leave a comment
in great recession, health economics, labour economics, labour supply, macroeconomics, politics - USA Tags: Obamacare, taxation and the labour supply
…the evidence suggests that the health law has likely led a few hundred thousand workers to see their hours cut or capped. That’s small in the context of an economy with 150 million workers.
But it isn’t a minor issue for those workers. Most of them are among the economy’s most vulnerable: low-wage, part-time workers who likely have few other options.
The simple reason Wal-Mart is handing out raises — people are quitting – Vox
27 Feb 2015 Leave a comment
in great recession, job search and matching, labour economics, labour supply, macroeconomics, poverty and inequality, unemployment Tags: inequality of bargaining power between workers and employers, The meaning of competition, Walmart
Another blow to the inequality of bargaining power between workers and the bosses. Job quits are not supposed to undermine the grand cartel of employers grinding the workers down.
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via The simple reason Wal-Mart & TJ Maxx are handing out raises — people are quitting – Vox.
I prefer to link MPs pay rises to reductions in the trans-Tasman per capita income gap
26 Feb 2015 Leave a comment
in economic growth, macroeconomics, Public Choice, rentseeking Tags: incentive pay, lost decades, MPs pay, Trans-Tasman income gap
Edmund Phelps on Keynesian macroeconomic policy
25 Feb 2015 2 Comments
in budget deficits, business cycles, economic growth, F.A. Hayek, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: Austrian real business cycle theory, Edmund Phelps, FA Hayek, Keynes in macroeconomic policy
The economic performance of the USA, Japan and the European Union prior to the global financial crisis
23 Feb 2015 Leave a comment
in business cycles, economic growth, Edward Prescott, Euro crisis, global financial crisis (GFC), great recession, macroeconomics, politics - USA Tags: Euroland, GFC, global financial crisis
Source: Edward Prescott
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