scholarly journals Job-to-Job Flows and Earnings Growth

2017 ◽  
Vol 107 (5) ◽  
pp. 358-363 ◽  
Author(s):  
Joyce K. Hahn ◽  
Henry R. Hyatt ◽  
Hubert P. Janicki ◽  
Stephen R. Tibbets
Keyword(s):  
Average Rate ◽  
Job Flows ◽  
Real Wages ◽  
Earnings Growth ◽  
Data Product ◽  
Us Economy ◽  
The Us ◽  
Year 2000 ◽  
The U.S

The US workforce has had little change in real wages, income, or earnings since the year 2000. However, even when there is little change in the average rate at which workers are compensated, individual workers experienced a distribution of wage and earnings changes. In this paper, we demonstrate how earnings evolve in the US economy in the years 2001-2014 on a forthcoming dataset on earnings for stayers and transitioners from the U.S. Census Bureau's Job-to-Job Flows data product. We account for the roles of on-the-job earnings growth, job-to-job flows, and nonemployment in the growth of U.S. earnings.

The rate of profit and economic stagnation in the United States economy

1997 ◽  
Vol 1 (1) ◽  
pp. 161-174
Author(s):  
Fred Moseley
Keyword(s):  
World War Ii ◽  
The United States ◽  
Real Wages ◽  
Debt Burden ◽  
The Great Depression ◽  
Us Economy ◽  
United States Economy ◽  
The Us ◽  
Post War ◽  
Rate Of Profit

AbstractIn the first thirty years after World War II, the US economy performed very well. The rate of growth averaged 4—5%, the rate of unemployment was seldom above 5%, inflation was almost non-existent (1—2%), and the living standards of workers improved steadily. These were the ‘good old days'. However, this long period of expansion and prosperity ended in the 1970s. Since then, both the rate of unemployment and the rate of inflation have been much higher than before, and the average real wages of workers (i.e. the purchasing power of wages) have declined some 20%. Productivity growth has also slowed down and the debt burden of both capitalist enterprises and the Federal government has increased dramatically. It is in this sense that we may refer to the ‘economic crisis’ of the US economy over the last two decades. This crisis has certainly not been as severe as the Great Depression of the 1930s, but the economic performance has been significantly worse than in the early post-war period.

Right of Way Integrated Vegetation Management: Essential to Keep the Us Economy Moving

2020 ◽  
Vol 31 (5) ◽  
pp. 201-206
Author(s):  
John D. Byrd ◽  
Victor Maddox ◽  
David Russell
Keyword(s):  
Chemical Control ◽  
Integrated Approach ◽  
Vegetation Management ◽  
Land Uses ◽  
Load Bearing ◽  
Right Of Way ◽  
Us Economy ◽  
The Us ◽  
Land Mass ◽  
The U.S

Transportation and utility rights of way represent an often overlooked yet sizeable land mass across the U.S. that transects diverse topographies and ecosystems. These land uses, along with the necessary safety, drainage, and load bearing features, present unique challenges for vegetation management, especially on transportation rights of way. An integrated approach to vegetation management is essential to maintain the functionality of these corridors and should be part of the initial right of way design, but once constructed, mechanical and chemical control are the primary tactics to manage undesirable vegetation.

World Overview

2011 ◽  
Vol 217 ◽  
pp. F11-F14
Author(s):  
Dawn Holland ◽  
Aurélie Delannoy ◽  
Tatiana Fic ◽  
Ian Hurst ◽  
Ali Orazgani ◽  
...  
Keyword(s):  
Sovereign Debt ◽  
Debt Crisis ◽  
Precautionary Savings ◽  
Gdp Growth ◽  
Real Wages ◽  
Supply Chain Disruptions ◽  
Us Economy ◽  
Moderate Growth ◽  
The Us ◽  
Fiscal Austerity

GDP growth in the OECD group of economies moderated in the first quarter of 2011, reflecting a contraction in output in Japan related to the earthquake in March 2011 and a slowdown in the US economy. This was partly offset by an acceleration of growth in the Euro Area, to some extent attributable to a weather related rebound in Northern Europe, but also a strong rise in business investment in Germany and France. Moderate growth at the OECD level persisted into the second quarter. Supply-chain disruptions continued to affect Japan; the high oil price eroded real wages, exacerbating the effect of high unemployment on consumption in the US; the deepening sovereign debt crisis in Europe raised uncertainty, leading to a rise in precautionary savings even in countries not restrained by severe fiscal austerity programmes. Outside the OECD, China and India continue to drive world growth, although rising inflation points to more moderate prospects in the second half of the year. We forecast global GDP growth of about 4½ per cent per annum in both 2011 and 2012, compared to 5 per cent growth recorded in 2010. The key assumptions underlying this forecast are discussed in Appendix A, with our forecasts for key macro variables in 40 major economies detailed in Appendix B.

Section II. Prospects for North America and Japan

1998 ◽  
Vol 166 ◽  
pp. 35-43
Author(s):  
Nigel Pain
Keyword(s):  
Domestic Demand ◽  
Short Term ◽  
Equity Prices ◽  
Us Economy ◽  
Financial Conditions ◽  
External Demand ◽  
The Us ◽  
Year 2000 ◽  
The Impact ◽  
Economic Outlook

The US economy continued to expand strongly in the first half of this year. GDP rose by 2 per cent compared to the latter half of last year, broadly in line with the pace of growth observed throughout 1997. The unemployment rate fell to its lowest level since 1970, with private sector demand continuing to reflect the impact of the sustained appreciation in equity prices since 1994. We expect GDP growth to be a little under 3½ per cent this year. Recent events have sharply changed the short-term economic outlook for the coming months. Growth is now projected to slow significantly, with domestic demand pressures easing and external demand remaining weak. The correction in equity prices and the tighter financial conditions facing many companies should begin to exert a significant drag on economic growth, in spite of likely further relaxation in the stance of monetary policy. GDP is expected to rise by around 1½ per cent both in 1999 and in the year 2000. If credit market conditions were to tighten further, or asset prices to show a renewed decline, then the economy could well move close to outright recession by the end of next year.

scholarly journals Entry Costs and the Macroeconomy

2019 ◽  
Vol 19 (233) ◽  
Author(s):  
Germán Gutiérrez ◽  
Callum Jones ◽  
Thomas Philippon
Keyword(s):  
Structural Model ◽  
Micro Data ◽  
Industry Data ◽  
Cross Sectional ◽  
Entry Costs ◽  
The Past ◽  
Us Economy ◽  
The Us ◽  
Entry Regulations ◽  
The U.S

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by showing that the model-implied entry shocks correlate with independently constructed measures of entry regulations and M&As. We conclude that entry costs have risen in the U.S. over the past 20 years and have depressed capital and consumption by about seven percent.

U.S. African-American Small Business Owners' Leadership Perspectives Around Business Development, Sustainability, and Succession Transition

2021 ◽  
pp. 413-423
Author(s):  
Orna T. Bradley-Swanson ◽  
Darrell Norman Burrell
Keyword(s):  
African American ◽  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Business Development ◽  
Small Business Owners ◽  
Us Economy ◽  
The Us ◽  
Leadership Perspectives ◽  
The U.S

Small businesses produce near 50% of the gross domestic product and are responsible for over 6 out of 10 new jobs. These numbers point to the importance of small business ownership and leadership is important in the US economy. In 2020, there are 124,004 African-American-owned businesses in the U.S. In spite of these numbers, African-American-owned small businesses face tremendous challenges. This exploratory qualitative study examines U.S. African-American small business owners' leadership perspectives around business development, sustainability, and succession transition.

scholarly journals Antitrust’s Implementation Blind Side: Challenges to Major Expansion of U.S. Competition Policy

2020 ◽  
Vol 65 (2) ◽  
pp. 227-255
Author(s):  
Alison Jones ◽  
William E. Kovacic
Keyword(s):  
Competition Policy ◽  
Blind Side ◽  
Implementation Challenges ◽  
Us Economy ◽  
The Us ◽  
Economic Control ◽  
Failure To Protect ◽  
Power Problem ◽  
Central Tool ◽  
The U.S

For several years, a number of commentators have expressed concern that the U.S. has a growing market power problem. Further that dysfunction in the U.S. antitrust institutions, and their failure to protect competition, has damaged the economy. This Article outlines the principal flaws that this commentary attributes to U.S. antitrust policy (the “crisis in antitrust”), and some of the proposals offered to redirect it and restore it as a central tool of economic control. The paper’s main purpose is not, however, to debate the condition of competition in the US economy or the merits of the measures proposed. Rather, its objective is to identify the magnitude of the implementation challenges that the proposals for a major expansion of the U.S. antitrust program create and the policy implementation challenges that stand between these soaring reform aspirations and their effective realisation in practice. The paper suggests that even though these “implementation” issues are significant, they have been too quickly overlooked in the commentary. In our view the failure to focus on this important matter risks creating a chasm between elevated policy commitments and the capacity of responsible public to produce expected outcomes. The paper consequently acknowledges and addresses this implementation blindside. It analyses the important impediments that are likely, if not carefully addressed, to hamper delivery of the current proposals and proposes ways to overcome them.

Profitability and the Roots of the Global Crisis: Marx’s ‘Law of the Tendency of the Rate of Profit to Fall’ and the US Economy, 1950–2007

2012 ◽  
Vol 20 (4) ◽  
pp. 39-74 ◽  
Author(s):  
Murray E.G. Smith ◽  
Jonah Butovsky
Keyword(s):  
Financial Crisis ◽  
Average Rate ◽  
Hypertrophic Growth ◽  
Us Economy ◽  
Fictitious Capital ◽  
The Us ◽  
Theory Of Value ◽  
Rate Of Profit ◽  
The Impact

Abstract The relevance of Marx’s theory of value and his ‘law of the tendency of the rate of profit to fall’ to the analysis of the financial crisis of 2007–8 and the ensuing global slump is affirmed. The hypertrophic growth of unproductive constant capital, including the wages of ‘socially necessary’ unproductive labour and tax revenues, is identified as an important manifestation of an historical-structural crisis of capitalism, alongside the increasing weight of fictitious capital and the proliferation of fictitious profits in the lead-up to the financial crisis. These phenomena have obscured the deepest roots of the global slump in the long-term profitability problems of productive capital – that is, in a crisis of surplus-value production. With these considerations taken into account, a better empirical assessment of trends in the composition of capital becomes possible, and with it a more accurate understanding of the impact of the ongoing displacement of living labour from production on the average rate of profit and the future of US and global capitalism.

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