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Subjects Archives: Political Economy

Robotics and youth unemployment in China (cc Photo: CNBC.com)

China has an unemployment problem

Strikingly few discussions of China’s declining growth trajectory include mention of the country’s unemployment rate. Unfortunately, this official rate is worthless as an indicator of the China’s labor market conditions. In reality, China likely has a serious and growing unemployment problem.

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Labor share

Promises, promises

They keep promising, ever since the recovery from the Great Recession started more than eight years ago, that the share of national income going to American workers will finally begin to increase. But it’s not.

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Would Donald Trump win an election today? - BBC News

The Trump tax plan proves a bonanza for business

In sum, thanks to the Trump tax plan, trillions of dollars that could have been used to transform our transportation and energy infrastructure, industrial structure, and system of social services are instead being transferred to big businesses, who use them for speculative activities and to further enrich their already wealthy managers and stock holders.

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