Exaggerating Demographics

Written by Steven Hansen One of the common beliefs of the new normal is the demographic shift to an aging population which does not spend money – lowering the historical GDP potential. This is discussed as being one of the triggers for the Great Recession of 2007. Many forecasters continue to adjust for the headwinds …

Who Is Standing Up for the Middle Class?

Written by Steven Hansen Nobel Laureate Paul Krugman opined: The point is that a party committed to small government and low taxes on the rich is, more or less necessarily, a party committed to hurting, not helping, the poor. Will this ever change? Well, Republicans weren’t always like this. In fact, all of our major …

Hollowing Out and the Future of the Labour Market – the Myth

by Bob Butcher, Voxeu.org This article originally appeared at Voxeu.org 17 December 2013. The labour market ‘hollowing out’ thesis suggests that there are far fewer intermediate-level jobs and far more low- and high-level jobs than two or three decades ago, primarily due to technological advancement. This article reviews recent research that finds little evidence in …

Stratfor: Crisis of the Middle Class and American Power

By George Friedman, Stratfor Founder and Chief Executive Officer Last week I wrote about the crisis of unemployment in Europe. I received a great deal of feedback, with Europeans agreeing that this is the core problem and Americans arguing that the United States has the same problem, asserting that U.S. unemployment is twice as high …

The Real Cliff of Concern – Loss of the Middle Class

Written by Steven Hansen A recent Chart of the Day entitled “The 5% Of American Households That The Fiscal Cliff Debate Is Really About” got me thinking – is the problem “really” that the rich are taxed too little? “Compare the income thresholds [that were] being debated in fiscal cliff negotiations with the actual income …