10/15/2018

News

Some Rural Areas Are Better for Economic Mobility

When it comes to economic mobility, the image that comes to mind is one of savvy, ambitious kids from the cities and suburbs of large superstar metro areas like New York, Boston, and San Francisco getting ahead, while children from more isolated, rural areas fall further and further behind. But this narrative is not borne […]

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Amazon eliminates monthly bonuses and stock grants after minimum wage increase

Amazon garnered praise for raising the minimum wage for its hourly workers to $15 yesterday, but the widely-publicized move also came at the expense of monthly bonuses and stock options. The company explained its decision to shift to a new stock purchase program in the announcement blog post yesterday, citing that hourly employees preferred the […]

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Employer-Provided Health Insurance Approaches $20,000 a Year

The average cost of employer health coverage offered to workers rose to nearly $20,000 for a family plan this year, according to a new survey, capping years of increases that experts said are chiefly tied to rising prices paid for health services. Annual premiums rose 5% to $19,616 for an employer-provided family plan in 2018, […]

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California an Economic Model? Not Quite

A significant sub-theme of Gov. Jerry Brown’s climate change conference in San Francisco this month was that California is a living model of how a nation-state can go green while experiencing economic prosperity. Some Californians take it a step further, contending that going green is itself an economic spur. Certainly California’s current economy is, at […]

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CEOs’ Economic Outlook Eases on Trade Policy Uncertainty

The economic outlook among chief executives of America’s largest companies cooled slightly in the third quarter, as confrontational U.S. trade policies weighed on planning for capital spending and hiring. The Business Roundtable CEO Economic Outlook Index, which measures company plans for capital investment, hiring and sales, declined to 109.3 from 111.1 in the second quarter. […]

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Forecast: California Economy Will Continue to Grow, But Pace Will Slow in 2020

California’s economy will continue to grow in the coming years but the pace is expected to slow alongside a slowing economy on the national level, according to the UCLA Anderson Forecast, which was released on Sept. 26. Economic growth at the state and national level are expected to weaken in 2020, according to UCLA Anderson […]

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Incomes Grew and the Official Poverty Rate Dropped in California in 2017, But Millions Still Struggle With Extremely Low Incomes

New Census figures released today show promising gains in income and employment for Californians, yet also show that millions of California residents are still struggling to get by on extremely low incomes. These data underscore the need for policymakers to ensure that the economy’s recent gains are shared among all Californians. The latest Census figures […]

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Employers Choose Bonuses Over Raises

U.S. employers are boosting benefits—including bonuses and vacation time—at a faster pace than salaries, a move that gives them more flexibility to dial back that compensation if the economy turns sour. The cost of benefits for private-sector employers rose 3% in June from a year earlier, while the cost of wages and salaries advanced 2.7%, […]

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Incomes Rose and Poverty Rate Fell for Third Straight Year, Census Data Show

American incomes rose and poverty declined for the third consecutive year in 2017, according to census figures released Wednesday that suggest more Americans are benefiting from the robust economy. The new data, which provide a broad look at U.S. economic well-being, show that median household income increased to $61,372 last year, up 1.8% when adjusted […]

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California’s poverty rate is still the highest in the nation, despite state efforts

Newly released federal estimates show California’s poverty rate remained the highest in the nation, despite a modest fall, and the state’s falling uninsured rate slowed for the first time since before Medicaid expansion. According to the Census Bureau, the share of Californians in poverty fell to 19 percent — a 1.4 percent decrease from last […]

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Behind the Green Curtain

California’s role as a global climate leader will take center stage during the international climate conference hosted by Governor Jerry Brown in San Francisco this week. The world also needs to know that California is our nation’s housing crisis, homelessness, and poverty leader. We have highest percentage and highest number of homeless and poor people […]

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America Is Moving Toward An Oligarchical Socialism

Historically, liberals advocated helping the middle class achieve greater independence, notably by owning houses and starting companies. But the tech oligarchy — the people who run the five most capitalized firms on Wall Street — have a far less egalitarian vision. Greg Fehrenstein, who interviewed 147 digital company founders, says most believe that “an increasingly […]

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GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 4.7 percent on September 4, up from 4.1 percent on August 30. The nowcasts of third-quarter real consumer spending growth and third-quarter real private fixed investment growth increased from 3.0 percent and 3.0 percent, respectively, to […]

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Improving Health Care Through Occupational Licensing Reform

The rules that determine who can legally work in an occupation and provide particular services—known as occupational licensure—affect a wide swath of workers and are important constraints on how the labor market and economy function. Despite a welcome increase in discussions of occupational licensing in recent years, and a body of research dating back decades, […]

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Which state tops list for having the best and worst economies?

8. California 5 yr. GDP annual growth rate: +2.9% (2nd largest increase) 2017 GDP: $2.4 trillion (the largest) June 2018 Unemployment: 4.2% (tied — 18th highest) 5 yr. annual employment growth: +2.2% (8th largest increase) California’s economy grew at an annual rate of 2.9% from 2012 through 2017, the second fastest pace of any state.

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