Job Market Monitor
Emmanuel Saez
Amazing Numbers About Today’s Job Market
Morgan House indentifies 50 Amazing Numbers About Today’s Economy on fool.com. Here is a sample of some of those related to the Job Market, in no particular order. 49. According to economist Tyler Cowen, “Thirty years ago, college graduates made 40 percent more than high school graduates, but now the gap is about 83 percent.” 48. Of all … Continue reading
U.S. | The top 1 percent got 93% of income growth
93 percent of income growth went to the wealthiest 1 percent of American households, while everyone else divvied up the 7 percent that was left over according to Emmanuel Saez. Main Findings Source: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf “Figure 1 presents the income share of the top decile from 1917 to 2010 in the United States. In 2010, the top … Continue reading
Market Economy | The labor market has been creating much more inequality over the last thirty years
“The labor market has been creating much more inequality over the last thirty years, with the very top earners capturing a large fraction of macroeconomic productivity gains. A number of factors may help explain this increase in inequality, not only underlying technological changes but also the retreat of institutions developed during the New Deal and World War II – … Continue reading
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