Slow Economic Growth Will Be Around For A Long Time

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The White House website reads:

To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth

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The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 2

March 25th, 2017
in macroeconomics

by Philip Pilkington

I’ve got quite a response to my last piece on the Job Guarantee program and it’s possible influence on wage-price spirals. Some of the kickback I received is, I think, based on a misunderstanding. A few people seemed to think that the JG program itself might induce a wage-price spiral. This is not what I was saying at all.

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The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 1

March 25th, 2017
in macroeconomics

by Philip Pilkington

Before I start this post I should make one thing abundantly clear: I strongly support the idea of a Jobs Guarantee (JG) program. I think that the benefits it might bring to society so far outweigh its potential drawbacks that implementing it should be a no-brainer not simply for anyone with progressive tendencies, but for anyone who believes that people should have the right to be independent and earn a living for themselves and their families.

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Angst in America, Part 1: Aimless Men

March 21st, 2017
in employment, macroeconomics

by John Mauldin, Thoughts from the Frontline

“America was not built on fear. America was built on courage, on imagination and an unbeatable determination to do the job at hand.” – Harry S. Truman

“Unemployment is a weapon of mass destruction.”– Dennis Kucinich

“Depression Breadline,” 1991, by George Segal

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Will Jobs In The Future Be Gained Through Dead Man's Shoes?

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The are more and more words printed every day on the effects of automation - some even believe in the "tooth fairy",  like a British study claiming that automation over the last 15 years created 4 times more jobs than were lost.

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