Dean Baker | TalkMarkets | Page 2
Co-Director at Center for Economic and Policy Research
Dean Baker co-founded CEPR in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. He is the author of several books, including "Getting Back to Full Employment: A Better ...more

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Wages And Prices: Who Is Keeping Up With What?
The average hourly wage for all workers increased 19.4 percent, for production and non-supervisory workers it increased 21.9 percent, and for workers in the hotel and restaurant industry it increased 31.6 percent.
Profit Shares Defy Projections, Not Coming Down
After an initial report showing GDP grew at a very strong 4.9 percent annual rate, the revised data show growth was actually somewhat faster at 5.2 percent. 
Should We Be Worried About The Deficit Now?
The shrieks of the deficit hawks have been growing louder with the fiscal 2023 deficit crossing 6.0 percent of GDP, and the projected future deficits being no lower.
Silliness On Deflation
Crossing zero has no special importance for an individual product or the economy as a whole. It is just a story where lower inflation is worse than higher (but still low) rates of inflation.
Will China’s Demographic Crisis Look Like Japan And Korea’s?
In South Korea, per capita income has risen at a 2.0 percent annual rate in the last four years, a faster pace than in the United States.
Rising Unemployment Or Strong Job Growth?
Understanding the economy is often like putting together a jigsaw puzzle. You try to put together the pieces in a way where they fit together and give a clear picture. Unfortunately, the data do not always cooperate with this effort.
Student Loan Repayment Is Not A Big Deal
Under this plan, borrowers will pay nothing if their income is less than 225 percent of the poverty level for their family size.
Learning From Mistakes: It’s Time To Lower Interest Rates
Even though rate hikes have not produced the slowing that we would ordinarily expect, they still did have an effect on the economy.
Putting Ukraine Spending In Context
The United States support of Ukraine, following the invasion by Russia, has featured prominently in the news in recent days as Republicans in Congress have made it front and center in the budget debate.
Yes, Donald Trump’s Lies On Financial Statements Did Cost Businesses Money
Donald Trump claims that no one was harmed when he lied about the value of his assets on statements he made to lenders, because loans were paid off with interest.
Do People Really Expect Prices To Fall Back To Pre-Pandemic Levels?
The price of many food items has come back down. Overall food prices have not, but it actually is plausible that we will see further declines in the food basket.
A High National Debt Can Be Bad News, Sort Of Like A High Stock Market
A rising stock market is bad news for the economy in the same way as increased interest payments on government debt.
Crypto And Finance Are Waste And A Drag On The Economy
As everyone learns in Econ 101, and immediately forgets, the purpose of the financial sector is to facilitate transactions and allocate capital.
Mixed Jobs Report In August: Where Does The Economy Stand Now?
While it’s hard to get too upset about the level of unemployment, a 0.3 percentage point jump in a single month is disconcerting. However, the jump in unemployment was due to a big jump in people in the labor force, not a spike in layoffs.
2.0 Percent Is An Average, Not A Ceiling: Should We Be Scared By Jerome Powell’s Speech?
I have been told by some of my economist friends that I shouldn’t worry. Powell just needs to talk tough to humor the inflation hawks. But I would be sleeping better tonight if Powell’s speech had been less hawkish.
Negotiating On CEO Pay: The UAW Has The Right Idea
Shawn Fain, the president of the United Auto Workers, said that he viewed the 40 percent pay increases received by the auto industry’s CEOs as a benchmark for the pay increase the union’s members should be receiving in their next contract.
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