Friday, October 25, 2019

Real US 2019 weekly pay for production/ non-supervisory staff 9% below 1972 level

Inflation-adjusted average weekly pay this year for production and nonsupervisory staff in the United States is 9% below the 1972 level, using 2019 dollars as per the chart above.

Friday, October 18, 2019

Ireland has no post-Brexit economic plan

Leo Varadkar, the Irish taoiseach, gives Jean-Claude Juncker, European Commission president, a Thank You card from Ireland for the latter's support since the Brexit vote in June 2016, Brussels, February 6, 2019.

Ireland has no post-Brexit economic plan despite an Economic and Social Research Institute (ESRI) estimate last March that in an agreed deal scenario up to 45,000 fewer jobs would be created in a decade.

Thursday, October 10, 2019

Economic possibilities for our grandchildren with credit to Keynes

This article focuses on 100-year predictions made in 1930 by John Maynard Keynes (1883-1946), the British Depression-era economist, while challenges such as climate change, housing, automation and ageing are set to dominate the coming 100 years.

Wednesday, October 02, 2019

Change in the Irish media scene in 2019

RTÉ, the Irish state broadcaster, is “flat broke” according to one of its radio presenters last August; the Irish Times owns the two Irish-owned daily broadsheet newspapers while Mediahuis, the new Belgian owner of the Independent titles after successive control by two business entrepreneurs since 1973, will likely give a welcome greater European orientation to news at a time when the number of the Irish that leaned towards Euroscepticism has plunged, thanks to Brexit.

Tuesday, October 01, 2019

US foreign affiliates sell most output outside the United States

The majority-owned foreign affiliates of American multinational enterprises sell most of their output outside the United States according to data from the US Bureau of Economic Analysis.

Somebody should dare tell President Trump that the US may have a trade surplus with China!.