employment

Study proves that American workers are foolish, but the rich are not

By / 7 Comments / 14 November 2010

Today’s revelations of the blindingly obvious: Poorer workers are more likely to cash out 401ks when losing their jobs than are executives and professionals.  Yet both groups eat, live in shelters, and so forth! The research:  “Nearly Half of U.S. Employees Cash Out Their 401(k) Accounts When Leaving Their Jobs“, Hewitt Associates, 28 October 2009.  These consultants …

Study proves that American workers are foolish, but the rich are not Read More »

Yes, it is a “mancession”, with men losing more jobs than women. Just like all recessions.

By / 11 Comments / 25 May 2015

The past quarter-century has been an extraordinarily stable period for the economy (as we accumulated debt to maintain growth).  With only two recessions since 1982, both mild and brief, we’ve forgotten what recessions are like.   So we get analysis like this: “Mancession Continues: Male-Female Jobless Rate at Historic Levels, Higher Than Last Two Recessions“, Mark …

Yes, it is a “mancession”, with men losing more jobs than women. Just like all recessions. Read More »

Update: why has the worst recession since the 1930′s had so little impact on the economy?

By / 73 Comments / 11 January 2015

Summary:  The US economy continues to slow, albeit the rate of decay has slowed.  But the net damage is severe and a recovery soon is imperative — or more “black swans” will appear.   This is the third in a series of posts about the effects of basic automatic stabilizers on the economy during this recession. (1)  Why …

Update: why has the worst recession since the 1930′s had so little impact on the economy? Read More »

Why has the worst recession since the 1930′s had such a mild effect on America?

By / 67 Comments / 19 February 2018

One of the oddities of this recession is the widespread opposition to government actions mitigating its effects.  Doing almost nothing (except tax cuts) has almost become the official policy of the Republican Party, and libertarian sites such as the Instapundit frequently run articles mocking the government’s stimulus programs. A related conundrum is the stability of …

Why has the worst recession since the 1930′s had such a mild effect on America? Read More »

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