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T-shirt economy and trade tariffs
Some may wonder about the tit-for-tat in the trade conflict instigated by the U.S. president. Is a trade war really threatening and have the stock exchanges corrected downward by 8% compared to the previous high for the year because of this?
Raising the standard of living is an illusion for many Americans
The American dream that each generation is better off than its parents' generation is tarnished. Adjusted for inflation, wages are just 10 percent higher than in 1973, a wage growth rate of a meager 0.2 percent.
US wage growth largely explainable
Subdued U.S. Wage Growth Despite Full Employment: Anomaly or New Normal?