We're looking at a recessionjobless recovery that's two years old to the day.
More Quotes from Jared Bernstein:
A fundamental principle of our economic system is that the benefits of economic growth will flow to those responsible for their creation. When how fast your income grows depends on your position in the income scale, this principle is violated. In that sense, today's unprecedented gap between the growth of the typical family's income and productivity is our most pressing economic problem.Jared Bernstein
Nationally we think it's impossible to say exactly when we've reached full employment. But it sounds like in Florida you're there.
Jared Bernstein
Maybe we were looking under the wrong rock.
Jared Bernstein
We have welcomed past efforts by the Bureau to offer alternative poverty measures. Their most recent release, however, ignores critical innovations and omits essential costs like child care for working parents and thus represents a step backwards.
Jared Bernstein
They also focus on two areas - healthcare and energy - where inflation is eating away at spending power. You either need wages to pick up or inflation to slow down, ... There may be a bit of both in coming months.
Jared Bernstein
Explaining the unique characteristics of this unbalanced recovery is more like 'Murder on the Orient Express' than finding a smoking gun in somebody's hands. There are a lot of suspects.
Jared Bernstein
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