In many low- and middle-income countries, economic growth has been stronger than job creation. Output is increasing, firms are investing, and labor participation remains high, but fixed income employment is growing slowly. The informal system is still prevalent, and the working hours are often short. Recent evidence from different countries shows that GDP-employment elasticity in … Read more
Lately Good luck thoughts on how Trump-era policies are driving capitalism away, I argued that markets cannot function without trust, transparency and a shared sense of purpose. Since then, the Administration has taken another step to take the argument to the logical—and downright scary—next step. The Environmental Protection Agency (EPA) did something unusual as a … Read more
Christopher of Seattle earns $101,000 a year and his wife earns $100,000, putting their family at a combined income of $201,000. He wants to run for state representative, which means quitting his current job and taking a $34,000 pay cut. His wife supports the idea. You’ve almost completed Dave Ramsey’s Baby Step 3, which means … Read more