Nationwide

Over the summer there was some concern in the media about falling wages during the current barely perceptible economic recovery. Nationwide, Bureau of Labor Statistics data show that inflation-adjusted average hourly wages have been trending downward since late 2010. Similar wage declines occurred, starting at various times in 2009 or 2010, in most major industries. Because wages don’t usually fall even during the most severe recessions, t READ MORE >>

Nationwide, the economic recovery looks more fragile than it did just a few months ago. GDP is growing at a moderate pace but not nearly as rapidly as at the end of last year. Almost no private sector jobs were created in May. The unemployment rate dipped from 9.9 percent in April to 9.7 percent in May, but mostly because fewer people were looking for work. Nearly half the unemployed in May were out of work for more than six months. READ MORE >>

Pass or Fail

In my new book The Death and Life of the Great American School System, I argue that the current movement to fix schools will not improve American education. In fact, it may very well harm it. READ MORE >>

Harold Pollack is the Helen Ross Professor of Social Service Administration at the University of Chicago and a Special Correspondent for The Treatment. There's been more positive attention of-late to the idea of high-risk pools. Some concrete numbers underscore why the idea doesn't deserve it. READ MORE >>

Bad Bet

Political corruption comes in two forms. Most familiar is the hand-in-the-till variety: bribes, payoffs, influence-peddling, lobbyists lining the pockets of public officials in exchange for access and favors. This corruption thrives in secrecy, and is usually condemned when exposed. READ MORE >>

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