Jared Bernstein
Jared Bernstein
Jared Bernsteinis a Senior Fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joseph Biden in the Obama Administration. Bernstein's appointment was considered to represent a progressive perspective and "to provide a strong advocate for workers"...
based change good month negative swing
One good month based on a swing in the C.P.I. does nothing to change this negative trajectory.
I don't see many firms that are that cash-constrained; they're customer-constrained.
compare exists far gap half income larger net percent size worth
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.
absorb create force increases jobs labor order
You need to create ever more jobs in order to absorb increases in the labor force as well as productivity gains.
appears expect fact generate increases job living main market reason standards
The main reason for that appears to be the fact that the job market has yet to generate the kind of increases in living standards you'd expect at this point.
job market months process six slowly year
The job market is slowly tightening. We are wringing out the slack. But we're only six months into a process that could take a year and a half.
job machine neutral recovery remains stuck
The jobless recovery remains with us, and the job machine is stuck in neutral at this point.
aggregate except figure great numbers posting record wage
The economy's doing fine, except if you figure in working families. We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.
aggregate except figure great numbers posting record wage
The economy's doing fine, except if you figure in working families, ... We're posting great numbers in aggregate demand, yet the lousiest on record for wage growth.
actual behind economy falling families looks year
The economy looks pretty snappy from 30,000 feet, but when you get down and look at how actual working families are doing, they're falling behind year after year.
bar high inflation
The inflation bar is very high right now, ... doesn't get you over.