Wages and Salaries
The Fed Wants to Fight Inflation Without a Recession. Is It Too Late?
The Federal Reserve is poised to set out a path to rapidly withdraw support from the economy at its meeting on Wednesday — and while it hopes it can contain inflation without causing a recession, that is far from guaranteed. Whether the central bank can gently land the economy is likely to serve as a […]
Read MoreThe Age of Anti-Ambition
The plague, the death, the supply chain, long lines at the post office, the collapse of many aspects of civil society might all play a role in that statistic. But in his classic 1951 study of the office-working middle class, the sociologist C. Wright Mills observed that “while the modern white-collar worker has no articulate […]
Read MoreCould Wages and Prices Spiral Upward in America?
As prices for products including gas, steaks, bacon and camping equipment climb rapidly, eating into paychecks and dominating headlines, consumers are more likely to take note and ask for better pay. “Things change completely when inflation is a big number,” Mr. Blanchard said. “Salience changes.” There are signs that wages are feeding into price increases, […]
Read MoreBusiness Booms at Kroger-Owned Grocery Stores, but Workers Are Left Behind
When Enrique Romero Jr. finishes his shift fulfilling online orders at a Fred Meyer grocery store in Bellingham, Wash., he often walks to a nearby plasma donation center. There, he has his blood drained, and a hydrating solution is pumped into his veins, a process that leaves him tired and cold. Mr. Romero, 30, said […]
Read MoreOn Capitol Hill, a Push to Unionize House Aides Gains Traction
WASHINGTON — More than 25 years after Congress first voted to give its employees the right to unionize, Democrats are making a fresh push to make it possible for House aides to bargain collectively, an uphill effort that has exposed the often difficult realities of working on Capitol Hill. A majority of House Democrats has […]
Read MoreInflation May Have Peaked. The Fed Needs to Step Gingerly.
In short, it might be helpful to reframe the C.P.I. news. Newspapers could quite accurately have run this much duller headline: Inflation Remained Stable, Well Below Its October Peak. Not a wage-price spiral. When inflation becomes deeply worrisome, it is typically because a “wage-price spiral” has set in, with workers responding to price increases with […]
Read MoreHow The Trucker Protests Are Snarling the Auto Industry
“What people seem to not understand is that when that truck isn’t moving, they make no money,” Ms. Walker said, noting that drivers with certain types of cargo, such as some hazardous materials, are limited to crossing on the Ambassador Bridge. The slowdown in Canadian trade will disproportionately affect New York, Michigan and Ohio, said […]
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