It is generally accepted that a strong economy is based on high levels of employment with rising wages that can support positive trends in consumer spending. This is where we were last January. Going forward, it is important to remember that the U.S. economy is highly dependent on consumer spending. Historically, fluctuations in consumer spending … Continued
Since the turn of the century, U.S. labor-force participation has been weakening. There have been numerous attempts to explain this phenomenon, with little agreement. Most of the theories have revolved around inadequate pay, increased safety net benefits such as disability payments, and the thought that a recovering economy would solve the problem by encouraging greater … Continued
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