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112 ordspråk av Jared Bernstein

Jared Bernstein

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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.

These results reveal the breadth of the unprecedented gap between the pace of overall economic progress and the returns to working people.

As jobs become more available, people are no longer finding themselves stuck as long in unemployment.

This report shows a race between factors boosting net worth such as home ownership and factors pushing the other way such as weak wage growth. Unless we start to see better income growth from jobs and wages, it is hard to see major gains in net worth for the typical family.

Home appreciation was offset by lousy wage growth and debt accumulation.

I've been pretty happy to see the pace of job growth in professional services.

This is a tremendously detailed, comprehensive look at the American family's balance sheet and it ain't pretty.

This is what a healthy job market looks like ? we just haven't seen it for a long while, so it makes inflation hawks nervous.

However, a far larger gap exists when we compare net worth: minorities' net worth was about 27 percent of whites, about half the size of the income ratio.

Workers' buying power continues to erode.

We all agree with that.

Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share.

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.

American companies really haven't been sinking much of their gains back into domestic investment.

Of course there are jobs that few Americans will take because the wages and working conditions have been so degraded by employers. But there is nothing about landscaping, food processing, meat cutting or construction that would preclude someone from doing these jobs on the basis of their nativity. Nothing would keep anyone, immigrant or native born, from doing them if they paid better, if they had health care.

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