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Question/Comment: A basic truth in economics is that wages drive demand. Yet for the last 30 years wages have been stagnant or decreasing. Why do I hear only talk of easing credit, not increasing wages Easy credit is what caused this bubble in the first place. I am middle class and guarantee you if my wages are not going up I will not buy.Paul Solman: The reason you don ;t hear the talk of increasing wages as a policy matter is that it so hard and controversial to do. You increase them by decree: minimum or living wage hikes and union contracts. But there are legitimate arguments against: high minimum wages may discourage employers from hiring unskilled labor. Same for living 82
stanley cup 21; wage laws. Union contracts help hamstring an industry, like autos, once it faces cheaper global competition. People have long bemoaned wage stagnation. I ;ve been doing stories about it and economic inequality since
stanley cup I joined the NewsHour in the 1980s. But apart from a progressive tax policy, which Obama endorsed in his campaign, there no obvious answer, just policies with pluses and minuses which are not easy to effect. Go Deeper salary the business desk unemployment
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Clusters of wildfires continue to rip through Northern California and Anaheim, propelled by powerful winds and dry conditions. Seventeen fires are currently charring more than 220,000 acres across the region, leaving at least 31 dead.The Tubbs fire has burned through 34,000 acres and is currently 25 percent contained, while the Atlas Peak fire, now 48,000 acres strong, has 27 percent containment. The nearby Nuns Fire, which h
jordan as destroyed 14,000 acres, is 5 percent contained and is part of a complex which includes the Pocket, Adobe, Norbbom and Pressley fires.How did this happen The fires began Sunday and grew within a matter of hours, prompting thousands to flee. Some of the largest blazes have burned through through Sonoma, Mendocino and Napa counties in Northern California. The speed of the blaze took fire officials by surprise, burning through 20,000 acres in 12 hours on
stanley cup Monday night. Further south, residents of Anaheim Hills and Orange County were also forced to evacuate as a brush fire, now 25 percent contained, burned through 7,500 acres and destroyed
adidas samba 24 structures.The intensity of the Napa firestorm over a span of a few hours make it one of the worst in the states history.Though the cause of these fires arent yet known, research continues to find human activity to blame for a majority of nationwide fires. From leftover campfires to wayward fireworks, it is said that up to 84 percent of fires are human caused.What the damage Officials told media outlets at least
