Markets, Business, and the Economy

Joe Average and the Economy

Posted by on August 22, 2014 at 6:46 am

The bad news is that hourly wages have declined. Look at the first chart, and you’ll notice that’s even true for the top quintile! In other words, ThinkProgress is soft-selling the fact that most of us — on average — are making less per hour in favor of pointing out that those at the very bottom […]

Federal Judge Rules that Banks Must Follow the Law

Posted by on July 9, 2014 at 6:18 pm

More specifically, a Federal judge has ruled that MERS tried to circumvent state law, costing counties millions of dollars in lost recording fees, compromising public records, and confusing consumers. Needless to say, executives form MERS disagree with the judge’s interpretation of state law. This ruling could cost MERS millions of dollars — billions if other jurisdictions […]

Oh, make up your mind already!

Posted by on July 6, 2014 at 3:40 pm

Oh no! The Millennials can’t afford to buy houses! Oh yeah! The Millennials will soon be buying houses! Oh wait! It turns out that when we say the Millennials are living at home with their parents, we meant they were living in dorms! Oh heck! The unemployment rate among Millennials is 40% — and that’s people […]

Yay?

Posted by on July 3, 2014 at 9:57 am

So, another jobs report came out today. Now, remember that economists believe it takes 150-200k new jobs gained each month to keep up with new people entering the workforce. Obviously that’s an average, and also obviously June is one of those months that a disproportionate number of people get out of school and start looking […]

Another Month, Another Jobs Report

Posted by on June 6, 2014 at 8:09 pm

Good news everyone! Employment is at an all time high. There’s 217,000 more jobs than last month, and we finally have more people working than at the start of the Great Recession. Ok, now for why that isn’t really very good news at all. Good jobs went away only to be replaced by crappy ones […]

I bet I know how some jobs could be created….

Posted by on March 8, 2014 at 9:02 pm

More than half the nation’s public schools need to be repaired, renovated or modernized, a survey released Thursday found. Getting these schools in good condition would cost about $197 billion…. Since to the best of my knowledge there’s no Renovation Fairy who can complete a project by waving a magic hammer, that work would have […]

More thoughts on Minimum Wage

Posted by on March 6, 2014 at 4:45 pm

Many arguments against raising the minimum wage — and indeed, against helping those in low wage jobs — does boil down to victim blaming. That is, “it is the fault of the person making low wages that they make low wages and it is on them to do something about it.” Never mind the fact […]

A little reasoning

Posted by on February 20, 2014 at 4:35 pm

This post may seem a little dry, but bear with me. Let’s start with a basic premise: There are millions of square feet of retail, office, and light industrial space in this nation, and it all requires cleaning on a regular basis. I think everybody sane should be able to agree on this point. For […]

But the CEO might not be able to afford a second Bentley!

Posted by on December 8, 2013 at 1:57 pm

You’re going to have a hard time convincing me that raising wages a few dollars an hour is going to result in massive inflation in an environment where every fast food joint I can think of is highly profitable and introducing new low-price options on a regular basis. On the other hand, I can see […]

Financial Illiteracy

Posted by on August 16, 2013 at 7:13 am
Dollars and Sense: How Wise Are We With Money?

Many thanks to Cara Delany for this terrific infographic. Way back when I went to high school, I was required to take a trimester long class called Personal Finance. Among the topics were how to write a check and balance a checkbook, how to put together a family budget (this lesson might as well have […]