A common argument for the decline in employment in recent years is that more workers are dropping out of the labor force to live off public benefits, particularly Social Security Disability Insurance (SSDI).
Repealing Obamacare was central to both Donald Trump’s, and the Republican party’s, policy platforms. The President-elect has since softened his stance and there are several Republican proposals to replace Obamacare with a more viable alternative.
Dear Bob, It’s been 35 years since your death, yet no other singer or songwriter has articulated both the condition of the marginalized and the humanistic potentials of psychic decolonisation more than you.
The focus of my research as a political philosopher is on matters of economic justice. I ask questions such as: Are markets consistent with justice? Is freedom enhanced through economic exchange? If so, why, and if not, why not?
Candidate Trump repeatedly called for repealing and replacing the Affordable Care Act during the campaign, but it is unclear what President Trump will actually do about the ACA.
Donald Trump may have won the American presidency by promoting himself as the candidate for the common people to overthrow the Washington establishment, but this recent populist surge is certainly not the country’s first.
US President-elect Donald Trump has proposed deporting millions of undocumented immigrants, which proved appealing to large blocs of US voters in key states. Many voters appear to believe that deportingc would boost job opportunities and wages for US workers.
A stream of commentary has set out to explain the electoral success of Donald Trump as a reaction to globalisation and neoliberalism. It points to a thread of populist anti-capitalism running from the President-elect to Bernie Sanders.
Trump's transition site says administration will 'modernize Medicare'—code for Ryan-style death by privatization
Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense of the people.
Donald Trump’s rise to the presidency was followed with amazement and apprehension across East Asia. China in particular was on tenterhooks – and now it needs to figure out what to do.
Donald Trump stunned the polls and the pundits to win the 2016 U.S. presidential election. So what will his victory mean for the economy, businesses and financial markets? We asked four economic writers to weigh in.
Children who do not learn to read in the first few years of schooling are typically destined to a school career of educational failure, because reading underpins almost all subsequent learning.
Today the sun is shining during my commute home from work. But this weekend, public service announcements will remind us to “fall back,” ending daylight saving time (DST) by setting our clocks an hour earlier on Sunday, Nov. 6. On Nov. 7, many of us will commute home in the dark.
Most of us use products made in China every day and are aware of its growing economic power as a factory to the world. But China intends to become a developed nation by mid-century and integral to this ambition is its intense focus on innovation.
Amidst the partisan rancor and the unusual tilt toward questions on civility during the second and third presidential debates, Hillary Clinton and Donald Trump drew the attention of health experts when they articulated their path forward for health policy in America.
The two-headed beast that had blighted the economy throughout the 1970s and 1980s – inflation combined with unemployment – had been tamed, and the business cycle seemed to be a thing of the past.
If corporate money controls our politics, as Bernie Sanders and others have claimed, then how did the Republican Party, the reputed party of business, manage to nominate a candidate whom almost no one in Big Business supports?
In all parts of the United States, the number of neighborhoods that are home to a mix of black, white, Asian, and Hispanic residents is growing.
If there’s one thing that nearly all economists agree on, it’s that getting rid of trade restrictions is generally good for a country’s economy.
Clinical trials have been the gold standard of scientific testing ever since the Scottish naval surgeon Dr James Lind conducted the first while trying to conquer scurvy in 1747.
Job growth is a prime topic in the U.S. presidential race, but Donald Trump and Hillary Clinton have very different takes on the role clean energy could play in creating employment.
The two largest soda makers in the US use their sponsorships of health organizations to bolster their image, which helps them lobby against public health bills, a new study suggests.
In a recent issue of The Economist, President Barack Obama set out four major economic issues that his successor must tackle
Tobacco companies want to sell you cigarettes – today, tomorrow and for the foreseeable future. Whether you’re at the tobacco counter or out with friends, glitzy cigarette packaging is a really important part of their sales pitch.
New research finds racial disparities in emergency treatment for certain types of pain, specifically backaches and stomachaches.
The Nobel Memorial Prize in Economic Science has just been awarded to Oliver Hart and Bengt Holmström for building the foundations of contract theory.
Sophisticated eye-tracking technology shows that preschool teachers “show a tendency to more closely observe black students, and especially boys, when challenging behaviors are expected.”
Most of us know the difference a good teacher makes in the life of a child. Many global institutions working to improve access to education, such as the United Nations, the Organization for Economic Cooperation and Development and Education International agree that “teacher quality” is the critical element in whether or not an educational system succeeds.
New research may explain why American children resist their parents’ instructions to share.
Gender bias can influence how supervisors view a manager’s long-term potential, a new study shows.
Even the Bank of England’s chief economist, Andy Haldane, admits to “not being able to make the remotest sense of pensions”. So what chance has everybody else? Many people find pensions and saving for retirement confusing and worrying.
It’s that time of year again. Insurance companies that participate in the Affordable Care Act’s state health exchanges are signaling that prices will risedramatically this fall.
Over the course of four years, at least 5,000 Wells Fargo employees opened more than a million fake bank and credit card accounts on behalf of unwitting customers.
Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin.
Despite six years of “recovery” from the Great Recession, America’s middle class still struggles financially amid sluggish economic growth and middling job creation.
Imagine a little gadget called an i-Everything. You can’t get it yet, but if technology keeps moving as fast as it is now, the i-Everything will be with us before you know it.
Tania Morales de la Cruz, a professor of education at Cuba’s University of Matanzas, recently visited South Africa for the first time.
Donald Trump claims he should be president in part because he has succeeded at creating jobs and businesses.
It is a truism that aging of populations will result in large and potentially unmanageable increases in the number of older adults with dementia.
Police killings of African-Americans on social media have become the visual hallmark of our time. This decade will be recalled through blurry cellphone and dash-cam videos of shootings. But how will it be remembered?
Last week, Congress engaged in a bipartisan barrage of CEO bashing.
Economists used data from almost 50 million Uber sessions to figure out just how much customers are benefiting from the ride-sharing service.
America has always had an underground sex trade, and for decades most pimps followed the same general script: they’d recruit sex workers on the street, in bars and in strip clubs.
Scorpion met Frog on a river bank and asked him for a ride to the other side. “How do I know you won’t sting me?” asked Frog. “Because,” replied Scorpion, “if I do, I will drown.” Satisfied, Frog set out across the water with Scorpion on his back. Halfway across, Scorpion stung Frog. “Why did you do that?” gasped Frog as he started to sink. “Now we’ll both die.” “I can’t help it,” replied Scorpion. “It’s my nature.”
Donald Trump poses as a working-class populist, but about his new economic plan would be a gusher for the wealthy. And almost nothing will trickle down to anyone else.
This week on the presidential campaign trail, Donald Trump took a big step out of traditional Republican territory to propose a federal solution to the high cost of child care. His plan suggests utilizing the tax code to give a break to working parents with young kids.
The proposed trade deal known as the Trans-Pacific Partnership – TPP for short – is drawing fire from both the right and the left as a middle-class jobs killer. Meanwhile, President Barack Obama continues to defend it as a boon for American businesses and consumers, as well as the larger economy.
In health there are well-established protocols that govern the introduction of any new drug or treatment. Of major consideration is the notion of doing no harm.
Environmental regulations don’t alway have a negative effect on profits. A new study finds that the US Clean Water Act, when implemented in the right balance, can improve firms’ profitability.
Banks may still be evading increased regulation by shifting activities to shadow banking. This system is well established as part of the financial sector, but it provides products that separate an investor from an investment, making it more difficult to evaluate risk and value.
Uber’s announcement that it will introduce driverless cars in Pittsburgh, US, throws into question the fate of not just the “sharing economy”, which Uber helped to make mainstream, but the future of employment in a wider sense too.
Fifty years ago this month (on September 9, 1966), President Lyndon Johnson signed into law the National Traffic and Motor Vehicle Safety laws that launched a great life-saving program for the American People.
In 1939, when John Steinbeck imagined Highway 66 as “the road of flight,” he evoked the crushing realities of Depression-era migrants who’d been pushed off their land by failing crops, relentless dust and heartless banks.
Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes. It’s just another form of corporate desertion.
What is the one thing that makes young people everywhere the most anxious? According to the Global Youth Wellbeing Index, it’s a lack of future economic opportunities.
A dramatic decline in the density of US labor unions since the 1970s has resulted in lower wages for both union and nonunion workers, a new study suggests.
As children head back to school, an increasing number of their homeschooled peers will be starting their academic year as well. Homeschooling in the United States is growing at a strong pace.
There is growing evidence that inequality is increasing not only in Australia but internationally within the advanced industrial economies. The age of endless growth in prosperity for everyone is a distant memory of a more hopeful age.
What can be done to deter pharmaceutical companies from jacking up prices of critical drugs? To prevent Wall Street banks from excessive gambling? To nudge CEOs into taking a longer-term view? To restrain runaway CEO pay?
Leading economic think-tank the institute of Fiscal Studies has warned that “middle-income families are the new poor” – a damning indictment of the way poverty in Britain has spread far beyond groups that are traditionally considered poor.
For years, Canada has been headed towards mediocrity at best and irrelevance at worst. Its GDP now ranks 10th in the world, having recently been overtaken by India and Brazil.
Inequities in wealth and income are one of the biggest social, economic and political challenges of our time. It’s important to address these inequities for three key reasons.
Despite the United Nations Millennium Development Goal of a 75 percent reduction in maternal deaths by 2015, the estimated maternal mortality rate for 48 US states and the District of Columbia actually increased by 26.6 percent from 2000 to 2014.
Earlier this year, I wrote about a cache of bitter writings by Woody Guthrie that I had discovered while conducting research for a book on the balladeer.
Here are some conclusions from a recent economics research paper. Do you think the authors are from some left-leaning think tank full of malcontents?
In business the concept of happiness is likely to make some groan, roll their eyes or be dismissive. But increasingly we can’t ignore the evidence that it helps business.
Your typical wage is below what it was in the late 1970s, in terms of what it can buy. Two-thirds of you are living paycheck to paycheck. Almost 30 percent of you don’t have steady employment:
As the leaders of the world’s 19 biggest economies and the European Union meet in the beautiful southern Chinese city of Hangzhou for the culmination of China’s year at the helm of the G20, it pays to ask exactly what they’re doing – and why it matters.
When it comes to their wages, McDonald’s workers around the world are not “Loving It” – and they haven’t been shy about expressing their discontent over the past four years.
Labor Day is a U.S. national holiday held the first Monday every September. Unlike most U.S. holidays, it is a strange celebration without rituals, except for shopping and barbecuing. For most people it simply marks the last weekend of summer and the start of the school year.
Free trade is figuring prominently in the upcoming presidential election. Donald Trump is against it. Hillary Clinton has expressed qualms.
The labor question is back. After World War II, it seemed to many that widespread unionization and collective bargaining had made sure that the people who did the work in this country were getting a fair share
While commanding four vessels sailing between England and India in 1601, Captain James Lancaster performed one of the great experiments in medical history.
On Labor Day, politicians have traditionally paid lip service to the plight of the worker, whom the national holiday is meant to honor. With working-class struggles taking center stage in this year’s election
For years, Washington lawmakers on both sides of the aisle have attacked big corporations for avoiding taxes by parking their profits overseas. Last week the European Union did something about it.
The European Commission is putting multinationals on notice with its order to tech giant Apple to pay €13 billion in tax to Ireland. It’s signalling that it won’t bow to pressure from the US. Now other countries may follow with similar action.
In what might be the most contentious election campaign season yet, the main presidential candidates seem to agree on at least one issue – that the policy around child care for American families needs improvement.
Automation has disrupted work for centuries. Two hundred years ago in Britain, the Luddites rose in rebellion, smashing the machines that made their weaving skills obsolete.
For years, economists and psychologists have argued about whether the standard model that economists use to explain how people make decisions is correct.
Every presidential election cycle, journalists descend on the ever-reliable swing state of Ohio in an attempt to play prophet.
In the aftermath of the global financial crisis, America’s Obama administration faced a dilemma. The public wanted banking reform. But administration pragmatists like US Treasury Secretary Timothy Geithner feared that yielding to populist voices might threaten recovery.
Back in 1992, Democratic strategist James Carville uttered his famous recommendation to Bill Clinton ahead of the 1992 election: “It’s the economy, stupid!”
A recent UNICEF report found that the U.S. ranked 34th on the list of 35 developed countries surveyed on the well-being of children.
The rising price for EpiPens, a drug delivery system that is crucial for persons experiencing potentially life-threatening allergic reactions, has resulted in outrage.
Here’s what today’s nontraditional workers are doing to build democratic, worker-led communities within the growing gig economy.
Since the Affordable Care Act – or what many call Obamacare – has been labeled a failure since the day it started, according to some political types, it’s difficult to know if the recent defections by large insurance companies are really a death knell or just growing pains.
Immigrants have become a major scapegoat in recent years for sputtering Western economies.
Almost everyone enjoys a bank holiday. A three-day weekend means more time to spend with family and friends, to go out and explore the world, and to relax from the pressures of working life.
When a person goes to the doctor, there’s usually one thing they want: a diagnosis. Once a diagnosis is made, a path toward wellness can begin.
Latin America has traditionally been the world’s most unequal region, but it has recently shown signs of change. Through the 2000s, high international prices for exports have brought inequality levels down.
Donald Trump’s candidacy gives rise to many descriptors — authoritarian, bigoted, divisive. It is also the culmination of long-developing dysfunctions of a culture where market values have spread beyond appropriate limits and radically eroded citizenship.
The centennial of the National Park Service is inspiring an impressive amount of soul-searching about the agency and the lands for which it is responsible.
The U.S. coal industry is in rapid decline, a shift marked not only by the bankruptcy of many mine operators in coal-rich Appalachia but also by a legacy of potential environmental and social disasters.
There’s new evidence that standing desks in classrooms can slow the increase in elementary school children’s body mass index (BMI)—a key indicator of obesity—by an average of 5.24 percentile points.
It took two days for 60 members of the Cowboy and Indian Alliance to plant the heirloom seeds by hand.
The best argument for a single-payer health plan is the recent decision by giant health insurer Aetna to bail out next year from 11 of the 15 states where it sells Obamacare plans.
Political polarization today is greater than it’s been in recent history – at least since the 1970s. To see that, one need only look at the current U.S. presidential election.
Privatization is a policy that has consistently failed but is remorselessly pushed by the political elite. It is little surprise that voters are turning to populism in response.
In November, voters in as many as 12 states will see a marijuana legalization initiative on their ballots. Marijuana is already legal for recreational use in Alaska, Colorado, Oregon, Washington and Washington, D.C. Another 25 states have legalized medical marijuana.