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If people feel they are doing poorly in today’s economy, we can’t tell them they are wrong to feel the way they do. We can say that, based on the consumption data, it doesn’t look like they are doing poorly.

Dean Baker / June 06, 2023

Article Artículo

Have We Whipped Inflation Now?

Wage growth has slowed to a pace that is roughly consistent with the Fed’s inflation target.

Dean Baker / June 04, 2023

Article Artículo

Latin America and the Caribbean

UNASUR

La invitación de Lula es a subirse al tren de la UNASUR, no a detenerlo

Si Brasil hace de la Unasur una verdadera prioridad de su política exterior, tarde o temprano los países suramericanos se orientarán por retornar a la organización.

Guillaume Long / June 01, 2023

Article Artículo

Abortion

Budget

Budget and National Debt

Debt Ceiling

Government

Health and Social Programs

Poverty

Debt Ceiling Has Become a Weapon Against Democracy in the United States

The debt ceiling fight was never really about debt reduction. It’s part of a vicious cycle in which political power is abused in order to consolidate a system that is increasingly undemocratic.

Mark Weisbrot / June 01, 2023

Article Artículo

CEPR Sanctions Watch May 2023

In this edition of Sanctions Watch: Local civil society leaders call for the release of central bank assets to Afghanistan; Members of Congress urge Biden to address migration by easing sanctions on Cuba and Venezuela, and more.

Michael Galant / May 31, 2023

Article Artículo

Abortion

Debt Ceiling

Government

Health and Social Programs

SNAP

What the Fight Over Work Requirements is Really About

The Supplemental Nutrition Assistance Program (SNAP) currently provides food vouchers to about 42 million people. This critical program ensures they have enough food for themselves and their families.

Shawn Fremstad and Tori Coan / May 31, 2023

Article Artículo

Homeownership Rate for Moderate-Income Households Hits Highest Level on Record

Dean Baker / May 30, 2023

Article Artículo

COVID-19

Economic Crisis and Recovery

Federal Reserve

Jobs

Unemployment

May Jobs Preview: What to Expect in the May Jobs Report

We have seen substantial upward revisions to wage data in recent months. Average hourly earnings in February were originally reported as $33.09. After two revisions, they are now reported at $33.11. The March wage figure was originally reported at $33.18. With the April revision, it stood at $33.20.

Dean Baker / May 30, 2023

Article Artículo

Who Are Pras Michel’s “Haitian Friends”?

Last month, a jury found Prakazrel “Pras” Michel guilty for his role in a multimillion-dollar fraud and influence peddling trial. He faces up to 20 years in prison.

Jake Johnston and Widlore Mérancourt / May 26, 2023

Article Artículo

Argentina

Ecuador

Global Economy

Latin America and the Caribbean

Rafael Correa

Martín Guzmán: Interview with Former President of Ecuador, Rafael Correa

With the aim of contributing to a knowledge society for Latin America, Martín Guzmán, former Minister of Economy of Argentina, and Rafael Correa, former President of Ecuador,

May 25, 2023

Article Artículo

Argentina

Ecuador

Global Economy

Latin America and the Caribbean

Rafael Correa

Martín Guzmán: Entrevista con Ex Presidente de Ecuador, Rafael Correa

Con el objetivo de contribuir a una sociedad del conocimiento para América Latina y en el marco del think tank Suramericana Visión, Martín Guzmán y Rafael Correa, ex presidente de Ecuador

May 24, 2023

Article Artículo

Sanctions

The Human Consequences of Economic Sanctions: Event Summary

On May 19, 2023, the Center for Economic and Policy Research (CEPR) brought together leading experts in the study of economic sanctions to help to answer a critical, but often-ignored, question: What are the human consequences of US economic sanctions?

Francisco R. Rodríguez and Mark Weisbrot / May 23, 2023

Article Artículo

We Can Do Better with a Thousand Years: Review of Power and Progress, by Daron Acemoglu and Simon Johnson

Dean Baker / May 23, 2023

Article Artículo

United States

Wall Street

Should Jamie Dimon Get a Government Salary?

While government tax and transfer policy to reduce inequality is desirable, it is best not to structure the market to create so much inequality in the first place.

Dean Baker / May 22, 2023

Article Artículo

Quick Note on the Debt Burden and the Burden of Patent and Copyright Monopolies

Dean Baker / May 21, 2023

Article Artículo

Asian Americans Have the Lowest Incomes in Mississippi; Highest in New Jersey

Asian Americans have the highest median household income of the major racial and ethnic groups in the United States. This is partially the result of an immigration process that has favored Asian immigrants with higher levels of educational attainment.

Algernon Austin / May 18, 2023

Article Artículo

Import Prices are Falling!

Dean Baker / May 18, 2023

Article Artículo

Housing

United States

Housing Units Under Construction Still Above Year-Ago Level

With many homes still under construction, we will see many more homes being completed over the course of the year, which should mean downward pressure on prices and rents.

Dean Baker / May 17, 2023

Article Artículo

Budget and National Debt

Debt

Economic Crisis and Recovery

United States

Will Biden Invoke the 14th?

Many of us have underestimated Biden before. He managed to get an amazing amount of important legislation through a 50-50 Senate and with only a narrow Democratic majority in the House. It doesn’t seem likely he would walk into negotiations with a Republican Speaker indebted to the party’s biggest loons without a backup plan.

Dean Baker / May 16, 2023

report informe

AAPI

Economic Crisis and Recovery

The U.S. is one of only six countries worldwide that does not mandate some form of paid leave. Paid family and medical leave is a critical benefit that typically guarantees eligible workers up to 12 weeks of paid leave.

Julie Yixia Cai and Tori Coan / May 15, 2023

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