Competition is keeping prices down, but only for the wealthy. Meanwhile, the cost of goods commonly used by those at the lower end of the income ladder keep rising thanks to corporate consolidation and the quest for profits.
Source: Inflation inequality deepens wage losses for America’s poorest – MarketWatch
Non-compete clauses are bad for workers and bad for the economy. Full stop.
Companies hiring instead of investing in productivity-aiding technology because people are easier to fire than machines are to discard is some amoral rationale.
Source: The bad news about historically low unemployment – Axios
It’s not much and for the year we’re still in the black, but productivity took a hit last quarter. Also, can we stop with the idea that productivity gains allow for companies to raise wages? Because that’s demonstrably what’s not happening right now.
Source: U.S. work productivity falls for the first time in nearly 4 years | PBS NewsHour
My money says the next crisis will come when lending to individuals slows to a trickle while credit is still readily available to businesses.
Source: Online installment loans are a growing debt burden on Americans – Axios
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