Coronavirus could lead to the highest unemployment levels since the Great Depression
https://www.vox.com/future-perfect/2020/4/1/21201700/coronavirus-covid-19-unemployment-rate
Tag: economy
Joe Biden Throws Support Behind Disastrous California Gig Economy Law
How Much Is $2.3 Trillion? More Than Even Obama Could Imagine
“There is no more politics of fiscal prudence in America, just a competition to see who can wag the biggest firehose. While the bodies begin to pile up in New York City and elsewhere, Washington has responded with a massive course of experimental economics.”
Fed breaks the bank in bid to rescue economy
“the Fed under Chair Jerome Powell, which has endured more than a year of abuse from President Donald Trump for not doing more to boost the economy, is now embarked on the quickest and most massive response to a crisis in its more than 100-year history.”
The coronavirus recession is already here
https://www.vox.com/policy-and-politics/2020/3/21/21188541/coronavirus-news-recession-economy-unemployment-stock-market-jobs-gdp
This South Carolina City Is Crushing Its Own Food Truck Economy
“Greenville, South Carolina, is hemorrhaging food trucks—despite city efforts to promote itself as a food-truck friendly locale. And overbearing regulations are to blame.”
Just How Good Is Trump’s Economy, Anyway?
No, Stimulus Spending Wouldn’t Be an Economic Vaccine Against the Coronavirus
“as doctors will tell you, administering vaccines to patients with weakened immune systems can be disastrous. Given the United States’ already perilous national debt and rising deficit, the White House and Congress should be cautious about spending additional money to avoid a coronavirus-caused recession—especially since the “vaccine” doesn’t seem like a sure bet.”
Understanding the wealth tax with Gabriel Zucman
https://www.nbcnews.com/think/opinion/understanding-wealth-tax-gabriel-zucman-podcast-transcript-ncna1115646
U.S. population will decline faster without steady immigration, Census report says
“Limiting immigration over the next four decades would do little to stop the racial diversification of the United States — but it could push the country into a population decline, according to a new report by the U.S. Census Bureau.
For the first time in a decade, the federal agency gamed out how varying degrees of immigration could impact the U.S. population in terms of growth, age and racial diversity and its labor force.
Its conclusions, experts said, underscore the important role immigrants play in keeping the U.S. population trending upward.
“We desperately need immigration to keep our country growing and prosperous,” said William Frey, a demographer at the Brookings Institution who analyzed the Census numbers this week. “The reason we have a good growth rate in comparison to other developed countries in the world is because we’ve had robust immigration for the last 30 to 40 years.””
…
“The population of American seniors — aged 65 and older — is expected to surpass the population of children under the age of 18 in every scenario, though higher immigration patterns would delay the inevitable”