“Are you ready for the holidays?” If another person asks me that, I’m going to wrap them in a bow. I’m still mentally back in the catch-up from September. But here we are: Black Friday looms.
The unemployment rate has fallen from 7 percent last November to 5.8 percent. The Conference Board’s Consumer Confidence Index is up. On Wall Street, the stock rally continues. Still, plenty of people are still hurting from the Great Recession.
So whether you’re ready for the holidays or not…
This Week’s Links:
• Petrified paychecks: Seven ways to raise wages | Alan Blinder
• Five facts about illegal immigration | Pew Research Center
• Encouraging work: tax incentives or social support | Tim Taylor
• For middle-skill occupations, where have all the workers gone? | Atlanta Fed
• How Piketty changed economics | Mark Thoma
• Time for Oregon to target economic weak spots | The Oregonian
• Tax havens are not investment incentives | Middle Class Political Economist
Today’s Econ Haiku:
Pam and Brenda go
While Bertha can’t get moving
That’s how we roll, dig?