The NYU Stern professor pointed to the hype around crypto, meme stocks, SPACs, and retail trading as evidence of excessive demand.
New analysis from the Commonwealth Bank’s economics team has found Australia’s labour market is being distorted by the exodus of foreign workers. While job vacancies are breaking record highs, they have done so following the departure of 286,000 foreign workers, suggesting their absence may be driving explosive jobs growth. There […]
The president has installed a diverse team to push forward his business and economic agenda, which includes tackling entrenched inequities
Turns out when schools are closed for over a year, a lot of parents are forced to choose staying at home with their kids over looking for new jobs.
Biden has laid out an economic vision for America that's a clear refutation of trickle-down economics. What's at the heart of this bold new strategy?
Women face misogyny and sexism at a high rate in economics but it's rarely publicly called out, says SUNY economist Veronika Dolar.
The PlayStation 5 launched three months ago, and has been nearly impossible to find. Supply issues are expected to continue well into 2021, Sony says.
Bernie Sanders criticised Democrats who want to target the next round of stimulus checks. “In these difficult times, ALL working class people deserve the full $US1,400,” he tweeted. Last week, Democrats began the reconciliation process for Biden’s $US1.9 trillion relief package. Visit the Business section of Insider for more stories. […]
A new GOP compromise COVID-19 bill would cap income eligibility for direct payments at $US50,000. Under the GOP proposal, the payments would also be reduced to $US1,000 from $US1,400. The bill’s backers want to meet with Joe Biden and are urging Democrats not to bypass Republicans. Visit Business Insider’s homepage […]
About 10% of companies expect that all their staff will eventually go back to the office, a new report suggests. The report presents the responses of 97 National Association for Business Economics members from various sectors. About half of respondents plan to suspend their stay-at-home policies in the second half […]
Republican Senator Rand Paul said that President Biden’s push for a $US15 minimum wage would hurt Black teenagers. “‘Why does Joe Biden hate Black teenagers?’ should be the question,” Paul said. The current federal minimum wage is $US7.25 an hour. Visit Business Insider’s homepage for more stories. GOP Sen. Rand […]
Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein. In this week’s episode of Pitchfork Economics, Hanauer and guest cohost Jessyn Farrell spoke with Anat Admati, a finance […]
Large tax cuts for the rich lead to higher income inequality and don’t fuel economic growth or cut unemployment, a new paper by academics from the London School of Economics and King’s College London says. Their analysis of 50 years’ worth of tax cuts for the wealthy in 18 countries […]
A number of critical COVID-19 economic relief programs will expire at the end of the year, threatening the stability of the US economy as the country enters an uncertain 2021. After the CARES Act passed in March, stimulus gridlock has largely ensued, with Treasury Secretary Steven Mnuchin working with House […]
Economist Emily Oster told Insider she was “very disappointed” by New York City’s decision to close schools, especially because leaders acknowledged schools don’t seem to drive coronavirus transmission. “It’s like something you would say about some institution that’s completely irrelevant to the lives and livelihoods of millions of people,” she […]
About 12 million Americans could lose necessary jobless benefits one day after Christmas if Congress doesn’t reach a deal and pass a stimulus bill during the so-called lame-duck session, a new report found. Some 7.3 million gig and self-employed workers are relying on the Pandemic Unemployment Assistance program, and 4.6 […]
President-elect Joe Biden is considering former Federal Reserve Chair Janet Yellen to join his Cabinet as Treasury secretary, according to a Bloomberg report. If nominated and confirmed, Yellen would become the first female Treasury secretary in US history. For the past few months, Yellen has been part of a circle […]