Is the disparity between wage growth and economic growth really something to fret about? In a brief essay, cited by the St. Louis Fed, YiLi Chien and Maria A. Arias, discuss how wage growth has lagged behind economic growth for several decades now and that even the cyclical component of wage isn’t in the mix. … Continue reading Is the supposed wage stagnation something to worry about?
The new and innovative sharing economy is creatively disrupting the old economy. Airbnb has risen victorious in the battle at San Francisco with “Prop F,” sending a clear message to governments and regulators to back off. The “Airbnb Threat” San Francisco headquarters a company that has been able to reach a valuation of $25 billion … Continue reading Airbnb Defeats Regulation in San Francisco, Sharing Economy Here to Stay