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Yellen: Globalization, Technological Change Have Been Harmful to Many
U.S. Federal Reserve chairwoman Yellen on extreme inequality in the U.S. and how it reduces the economic mobility that aids recovery
10/16/2014
The Fed chairman tells a Boston Fed conference on inequality that it is fair to ask whether equal opportunity on which Americans place importance is not a part of core American values.
Grouped Articles
Fed’s Yellen Says Extreme Inequality Could Be Un-American
Wall Street Journal 10/17/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
How Quantitative Easing Contributed to the Nation's Inequality Problem
New York Times 10/22/2014
Yellen Goes on Road to Investigate Health of the Jobs Market
New York Times 10/16/2014
Yellen’s First Year at Fed: A Remarkably Steady Course
New York Times 12/22/2014
Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
Fed chairwoman as listener with empathy for the unemployed and different opinion on the FOMC- a remarkable Janet Yellen in 2014-2015
12/22/2014
Janet Yellen brings a remarkable change of tone at the Fed as she listens to unemployed workers, listens carefully to committee members, speaks at the end of meetings careful to summarize varying opinion, and calms volatile financial markets in 2014.
Grouped Articles
Yellen’s First Year at Fed: A Remarkably Steady Course
New York Times 12/22/2014
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Joel Peterson of JetBlue on Listening Without an Agenda
New York Times 05/09/2015
Janet Yellen and Fed Predecessors Find Common Ground Onstage
New York Times 04/07/2016
Years of Fed Missteps Fueled Disillusion With the Economy and Washington
WSJ 08/26/2016
Fed, With 3 Officials in Dissent, Stands Firm on Interest Rates While Noting Improving Economy
The New York Times 09/21/2016
The U.S. Federal Reserve and the populist movements of 2016 of Trump and Sanders
08/26/2016
By missing the signals of the bubble in financial markets and letting the mortgage crisis develop upto the point that the overleveraged banks had to be rescued and the global economy went into a deep recession, the U.S. Fed created the conditions for the populist movements of 2016. Very low rates designed to help the economy recover hurt savers, further depressing the financial assets of the middle and working class. The lack of access to public colleges hurt upward mobility, and the high cost of tution led to parents assuming large amounts of student debt further depressing their condition. The assets of middle and working class people revealed at a Boston Fed sponsored Inequality conference in Oct. 2014 were shocking- the average net worth of the lower half of the distribution in the U.S., or 62 million households was an average of $11,000, with one quarter at zero net worth, according to Janet Yellen, the chairman of the Fed, America's central bank.
Grouped Articles
Years of Fed Missteps Fueled Disillusion With the Economy and Washington
WSJ 08/26/2016
From Trump to Brexit rhetoric: how today's politicians have got away with words
The Guardian 08/27/2016
Apple should repay Ireland 13bn euros, European Commission rules - BBC News
BBC News 08/30/2016
Apple must now pay its taxes. This is a vindication of protest | Owen Jones
The Guardian 08/30/2016
The Economic Expansion Is Helping the Middle Class, Finally
The New York Times 09/13/2016
Fed, With 3 Officials in Dissent, Stands Firm on Interest Rates While Noting Improving Economy
The New York Times 09/21/2016
Globalization and the white working class in Europe and the U.S. in 2016- job losses, regional disparities, growing inequality with declining incomes
07/13/2016
Sanders, Trump, in the U.S., Marie Le Pen in France, and Brexiters in England appeal to white working class which has not benefitted from trade agreements and globalization. Globalization has produced very different outcomes for different industries and regions, benefitting some and hurting others. Leaders of existing political parties have failed to grasp and respond to these changes leaving room for others to take up the cause of the white working class. TPP trade agreement for instance benefits the information technology industry and hurts the automobile industry in the U.S., producing unequal outcomes that come after years of job losses and hollowing out in some industries- making it unpopular, and raising questions about the wisdom of such policies when most of the gains in free trade are already behind us according to Krugman and other experts.
Grouped Articles
Brexit: The Era of the Angry Voter Is Upon Us - SPIEGEL ONLINE
SPIEGEL ONLINE 07/06/2016
What the New GOP Means for Wall Street
WSJ 07/19/2016
Support for Trump in unexpected places | US elections 2016 | DW.COM | 20.07.2016
DW.COM 07/20/2016
The presidential campaign and the US middle class | US elections 2016 | DW.COM | 13.03.2016
DW.COM 03/13/2016
Hillary Clinton Asks Not for Trust, but for Faith in Her Competence
The New York Times 07/29/2016
Two Political Conventions, Two Distinct World Views
WSJ 07/28/2016
The other roots of increasing inequality in the U.S.- global competition and sourcing, the case of the U.S. auto industry and manufacturing workers
03/24/2015
Auto parts imports into the U.S. from Mexico have increased by 86% since 2008, more than doubled for China. As wages rise in China, India is the next source country for low cost automobile parts from auto industry hubs in Gujarat and Tamilnadu, placing continuous downward pressure on manufacturing wages for the next decade, and the next. Parts imports were $32 billion in 1990, $138 billion in 2014. Workers in manufacturing make as low as $10 an hour today, similar to workers at Wal-Mart. An entire generation of manufacturing workers are now shifted from middle class to lower class from their parents generation to their own, reducing educational mobility in the American system and fewer opportunities for improvement. As more jobs are created in manufacturing than in IT related industries this is a significant hurdle for improving wages and employment in the U.S.
Grouped Articles
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
Economic-Ladder Concerns Trump Income Gap in Poll
Wall Street Journal 05/05/2015
Sanders, Corbyn and the coming debate inside the Democratic Party - The Washington Post
Washington Post 09/13/2015
U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise
New York Times 09/18/2015
A stunning stat about pay seems impossible but actually is true - The Washington Post
Washington Post 09/22/2015
Workers in U.S. manufacturing plants in 2015- global competition, U.S. competitiveness and downward pressure on wages
03/24/2015
Workers who were once in the middle class are now lower class as conditions have changed in the automobile and other U.S. manufacturing plants. As more jobs are created in manufacturing than in IT related industries, this is a significant factor in improving U.S. employment and wages. There is an 86% increase in imports of parts from Mexico since 2008, over double for China.
Grouped Articles
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
U.S. Trade Gap Widens on Surging Imports
Wall Street Journal 05/06/2015
Dollar’s Rise Lifts Imports and Widens Trade Gap
New York Times 05/05/2015
Mexican Auto Production Sets Record in April
Wall Street Journal 05/07/2015
U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise
New York Times 09/18/2015
A stunning stat about pay seems impossible but actually is true - The Washington Post
Washington Post 09/22/2015
Globalization and manufacturing job losses in the U.S. and Canada 2000-2015
01/26/2016
Wage stagnation in the manufacuring sector in the U.S. is another aspect of the globalization trends, as workers in the U.S. compete with low wage workers in emerging markets such as Mexico and China.
Grouped Articles
What’s Our Duty to the People Globalization Leaves Behind?
New York Times 01/26/2016
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Brexit: The Era of the Angry Voter Is Upon Us - SPIEGEL ONLINE
SPIEGEL ONLINE 07/06/2016
Trump era confronts organized labor with gravest crisis in decades
Washington Post 12/09/2016
The White House’s claim that 800,000 manufacturing jobs were added during Obama’s presidency
Washington Post 12/09/2016
Mexico is growing less pessimistic about Donald Trump
The Economist 04/14/2017
Issues raised in Letters to the Editor of the NYT and the WSJ on the Trans Pacific Partnership Trade Pact (TPP)
02/27/2014
The issues raised cover worker protections, and also include some that are not frequently mentioned. Including the right granted to large corporations in TPP to sue the U.S. and other governments on issues where the governments have acted in the public interest as it relates to the environment, health, safeguards related to poor industry practices. A letter to WSJ says president Obama is doing this to look like a centrist president for his legacy, and not for free trade. Separately Krugman points to the issue of intellectual property rights enforcement that has the potential of making it harder to provide access to modern medicine to people in developing countries, a serious pitfall. Response to criticism by the Obama administration has generally talked about the merits of free trade which are generally accepted, and not the specific provisions, or the context in which most of the gains in free trade have already been made in the seven decades to 2015 and the remaining gains are much smaller coming with some losses. The global economy now benefits more from investments in infrastructure both in developing and advanced economies, which is why China's Infrastructure Investment Bank has received such wide support, including EU countries and India. The Obama administration has failed to make the case for investment in infrastructure to the American public, at a time when large productivity gains can be made here following about 2 decades of neglect. A similiar situation exists in Germany, and is especially true of Latin American countries which have serious infrastructure problems that reduce economic growth.
Grouped Articles
In the Heat of the Pacific Trade Battle
New York Times 05/22/2015
New York Times 05/22/2015
New York Times 02/27/2014
No Obama Tears for TPA or the TPP
Wall Street Journal 05/22/2015
Obama Presses Currency Compromise in Trade Pact
Wall Street Journal 05/24/2015
Pelosi Rejects Appeals, Hands Obama a Trade Defeat
Wall Street Journal 06/13/2015
U.S. Fed chairwoman Janet Yellen's views on how globalization and technological change have hurt working class Americans
06/28/2017
Grouped Articles
Yellen: Globalization, Technological Change Have Been Harmful to Many
WSJ 06/27/2017
A special report on Donald Trump’s America
The Economist 07/06/2017
The Economist 07/06/2017
Washington Post 08/26/2017
U.S. Federal Reserve policy under Janet Yellen- 2014-2017
02/12/2014
Grouped Articles
Fed's Yellen Sets Course for Steady Bond-Buy Cuts
Wall Street Journal 02/12/2014
Fed Puts Rate Increase on the Radar
Wall Street Journal 02/20/2014
Yellen Sticks to Plan Amid Weather Doubts
Wall Street Journal 02/28/2014
Wall Street Journal 03/20/2014
Fed Cuts Bond Buying by Another $10 Billion
New York Times 03/19/2014
Federal Reserve’s Bond-Buying Fades, but Stimulus Doesn’t End There
New York Times 06/19/2014
U.S. Federal Reserve chairwoman Janet Yellen's thinking on unemployment and expected Fed policy in 2014-2015
01/23/2014
Grouped Articles
Don’t Expect Job Data Alone to Persuade Fed on Rates
New York Times 01/23/2014
A Fed Policy Maker, Changing His Mind, Urges More Stimulus
New York Times 01/27/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Wall Street Journal 02/08/2014
Fed's Yellen Sets Course for Steady Bond-Buy Cuts
Wall Street Journal 02/12/2014
The size of the debacle in the global financial crisis of 2008- 663,000 U.S. jobs lost in March 2009, according to the Labor Department
04/03/2009
Grouped Articles
Unemployment Rate Jumps to 8.5 Percent, 663K Jobs Lost in March
Washington Post 04/03/2009
Yellen: Globalization, Technological Change Have Been Harmful to Many
WSJ 06/27/2017
Unemployment in 2007 and 2011, before and after the global financial crisis
01/02/2009
Unemployment in different countries of Europe, Asia and Latin America, before and after the global financial crisis of 2008. A surge in unemployment in Spain and other European countries, especially for young people, and rising unemployment in the U.S.
Grouped Articles
Wanted: Jobs for the New 'Lost' Generation
Wall Street Journal 09/14/2013
New York Times 06/07/2014
Labour-market trends: Winners and losers
Economist 09/10/2011
Unemployment in the West: The quest for jobs
Economist 09/10/2011
The jobless young: Left behind
Economist 09/10/2011
Strong ADP Jobs Gain Needs Grain of Salt
Wall Street Journal 01/05/2012
Robert Lighthizer and other experts call for trade and globalization practices that work for the U.S.
01/06/2010
The failure of the establishment of both parties in the USA to take action in the face of the loss of 5.6 million jobs in the last decade, with $4.3 trillion in trade imbalances. An issue which resonates with voters in the US and could lead to a fundamental realignent of American attitudes to globalization and free trade. The feeling that the free-trade deck is stacked against the USA by Asian countries. China's efforts to keep the yuan dollar exchange rate at levels that favor exports. China's accumulation of over $3 trillion in dollar reserves that are parked mostly in Treasury's that keep U.S. interests low. Distortons in the global economy from the failure to rebalance the world economy hurts China and the U.S.
Grouped Articles
Wall Street Journal 10/04/2011
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
New York Times 09/30/2010
Wall Street Journal 10/02/2010
The Engine That Pulled Us Out of Recession
Wall Street Journal 03/19/2015
What’s Our Duty to the People Globalization Leaves Behind?
New York Times 01/26/2016
Views on globalization- Trump for the U.S. and Jinping for China
02/06/2017
China sees globalization within the context of pursuing its own interests, Trump's trade policies are similar in this respect.
Grouped Articles
On Globalization, China and Trump Are Closer Than They Appear
WSJ 01/27/2017
China Takes Heat on Trade, but Germany’s Power Continues to Grow
WSJ 03/05/2017
03/07/2017
Germany to take legal action if Trump taxes imports | Business | DW.COM | 17.03.2017
DW.COM 03/17/2017
Mnuchin Says U.S. Is Seeking to Avoid Trade Wars
WSJ 03/16/2017
Trump and Xi’s First Meeting: How Long Will the Cordiality Last?
The New York Times 04/06/2017
The impact on the U.S. economy of the global financial crisis of 2008-2009
01/13/2009
Grouped Articles
Trade Secret: GDP's Pillar Looks in Peril
Wall Street Journal 01/13/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
Tomorrow's Recession Recovery Is Today's History Lesson
Wall Street Journal 03/03/2009
Unemployment Rate Jumps to 8.5 Percent, 663K Jobs Lost in March
Washington Post 04/03/2009
Yellen: Globalization, Technological Change Have Been Harmful to Many
WSJ 06/27/2017
Kenneth Rogoff, on the prospects for the U.S. and global economy under the Trump administration in 2017-2020
12/08/2016
Grouped Articles
Will Trump herald a US economic boom?
The Guardian 12/07/2016
Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017
WSJ 12/14/2016
Aging Population, Stagnant Productivity Challenge Donald Trump’s Growth Plan
WSJ 12/04/2016
Opinion: Trump in offside position | Business | DW.COM | 12.01.2017
DW.COM 01/12/2017
Within Trump’s inner circle, a moderate voice captures the president’s ear
Washington Post 04/14/2017
Trump Plans to Seek Tax Rate of 15% on Owner-Operated Companies
WSJ 04/25/2017
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