Author Archives: bill

The Weekend Quiz – November 18-19, 2017

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | 5 Comments

Australia labour market weaker with participation falling

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for October 2017 shows that total employment growth was weak although there was relatively good full-time employment growth. Unemployment (and the rate) … Read the rest of this entry »

Posted in Labour Force | Leave a comment

Australian real wages growth flat – the ripoff of workers continues

Today (November 15, 2017), the Australian Bureau of Statistics (ABS) released the – Wage Price Index, Australia – for the September-quarter 2017. Private sector wages growth was marginally higher in the September-quarter at 1.86 per cent (annualised) after six consecutive … Read the rest of this entry »

Posted in Labour costs | 3 Comments

Automation and full employment – back to the 1960s

On August 19, 1964, the then US President Lyndon B. Johnson established the – National Commission on Technology, Automation, and Economic Progress. He established the Commission in response to growing concern during the deep 1960-61 recession that the unemployment had … Read the rest of this entry »

Posted in Future of Work, Job Guarantee, Labour Force, Reclaim the State, Unemployment Benefits, US economy | 11 Comments

What matters about the Paradise Papers

A cursory glance at the World’s leading tax havens illustrates the hypocrisy of politicians getting wound up about the revelations in the recently released Paradise Papers and the Panama Papers before them. Many of the havens are within the direct … Read the rest of this entry »

Posted in Economics, Fiscal Statements, Reclaim the State | 30 Comments

The Weekend Quiz – November 11-12, 2017 – answers and discussion

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Saturday quiz | 1 Comment

The Weekend Quiz – November 11-12, 2017

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | Leave a comment

When neoliberals masquerade as progressives

One wonders what goes on in the heads of politicians sometimes. Perhaps not much other than a warped sense of their purpose in life – which for some seems to be to advance themselves rather than advance societal well-being. In … Read the rest of this entry »

Posted in Britain, Fiscal Statements, Framing and Language, UK Economy, US economy | 15 Comments

British mainstream media spreading dangerous MMT ideas

The British newspaper, The Independent seems to be getting in beds with Commies lately. The evidence I elicit is the recent article (November 4, 2017) – Actually the magic money tree does exist, according to modern monetary theory – by … Read the rest of this entry »

Posted in Britain, Demise of the Left, Reclaim the State, UK Economy | 22 Comments

Updating the impact of ageing labour force on US participation rates

Yesterday, I discussed the latest US labour market data, including the 0.4 percentage point drop in the participation rate, which is a large decline for a month. Whether that is subject to revision or not remains to be seen. The … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment