Top Menu

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.

Continue Reading
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.

Continue Reading