TCF's senior labor fellow Andrew Stettner explains the jobs gap between prime age labor force participation and job availability.READ MORE
On Friday, the Department of Labor released its latest employment numbers from January. TCF senior fellow Andrew Stettner commented on these figures in a new article on recent wage growth.
“Wages are still not climbing in the way that they should in an economy delivering a full-employment-sounding unemployment rate of 4.9 percent,” said Andrew Stettner, a senior fellow at the Century Foundation, a liberal think tank.
Read more on the January jobs report at the International Business Times.
So-called "debt-relief companies" seem to be gaining ground when it comes to targeting collecting loan debt. One of TCF's own policy associates was in fact targeted via numerous phone calls, before he decided to investigate and see what these "robo-calls" were asking for. Jillian Berman at MarketWatch cited Sam Adler-Bell's experience:
Adler-Bell believes the company was using an automated device to call him -- also known as robo-dialing -- and continued to pester him about once a week for the next few months. Though it’s hard to say exactly how many consumers have received similar calls, a review of several lawsuits filed within the last year as well as interviews with lawyers and regulators indicates student debt relief companies may be increasingly using robocalls to lure consumers, in some cases even calling people who have no student loans or who have already paid them off, claiming they can slash their debt.
Check out Berman's article.
Harold Pollack's famous "index card" that provides all bits of information one needs to properly manage their finances can apparently also be applied to dealing with stock market fluctuation. In a Washington Post article, the index card is deemed to provide sound advice even regarding the rise and fall of stock market prices—which have already dropped 9 percent in 2016.
At a time like this, this card is more significant for what it doesn't say than what it does. You might notice that there's nothing in those 24 square inches about worldwide collapses in stock prices.
Read the article that praises Pollack's index card advice
TCF fellow Daniel Alpert explains in his latest piece for CNBC that nearly the only aspect that is performing well in the US economy is job formation, and that even then it is plagued by an unusual level of temporary and low wage hiring. He explains the economic difficulties that the US is facing and predicts a glib future in which the US current account deficit, ex-energy, surpasses even those at elevated levels during the mid-2000s.
Read Alpert's full article from CNBC with his predictions of the 2016 economy.
In recent decades, and especially since 2000, the richest Americans have enjoyed soaring income and wealth while the rest of the population's living standards have stagnated. The Century Foundation was one of the first institutions to raise serious concerns about these trends and propose ideas for improving economic conditions for all Americans- not just the fortunate few.
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