The Alphabet Recovery?

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Almost immediately after the Covid-19 induced March collapse in stock markets and the economy, the usual pundits began to speculate on the timing and shape of a possible recovery.  The most optimistic were talking about a V shaped rebound with a rapid and broad recovery to pre Covid-19 levels.  A more cautious group were contemplating … Continued

Why is Pay Lagging?

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With the unemployment rate at approximately 4%, the lowest since 2000, economists have been surprised by the slow growth in paychecks.  Historically, when that few people are unemployed, companies have had to pay up to attract workers. Clearly, anecdotal evidence and government reports suggest that the U.S. is in a tight job market, yet pay … Continued