The weakness in the labor market is clearly reducing the growth of earnings, meaning consumers, most of who depend on their paychecks, are likely to remain insecure about where the economy is headed. This in turn has the potential to constrain consumption
More Quotes from Jared Bernstein:
I and others have been looking desperately for silver linings in this tragedy and if Katrina were to motivate Congress to look at this issue seriously, that would be great.Jared Bernstein
There may be some signs that a fledgling recovery is beginning to take hold in the labor market, but we have had these kinds of moves before, so we don't want to make too much out of it.
Jared Bernstein
Inequality is growing in all parts of the country.
Jared Bernstein
People think unemployment is still relatively low, but there's all the difference in the world between a tight labor market and a weak one when you're talking about employees' ability to bargain for a fair share of growth.
Jared Bernstein
Economists said the data suggested a long-awaited change in the outlook of employers, a movement away from years of reluctance to add new workers. The rate of job creation from 2000 through mid-'04 was just stuck in the cellar, ... and this was an underappreciated, ongoing cause of the jobless recovery.
Jared Bernstein
It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the bottom end of the scale.
Jared Bernstein
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Based on Topics: Labor Quotes, Potential QuotesBased on Keywords: paychecks
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Arbor Day is not like other holidays. Each of those reposes on the past, while Arbor Day proposes for the future.
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