Columbia University Professor of Economics Jeffrey Sachs and Frances Donald, head of macroeconomic strategy at Manulife Asset Management, examine the factors behind the growth of income inequality in the United States. They speak on “Bloomberg Daybreak: Americas.”
America's economy has not been working for a large portion of the country. Workers at the bottom of the income scale earn wages, adjusted for inflation, that are not much higher than what they were 60 years ago, while the income of a typical full‐time male worker hasn't budged much
Globalization sits at the center of America’s economic crisis. On one side, critics of globalization blame it for the plight of America’s suffering middle class. According to President Trump, our trade negotiators got snookered by those smart negotiators from other countries. We signed bad trade deals that led to the
The U.S. should tackle worsening social inequality with measures including updated antitrust rules, according to economist Joseph Stiglitz. … “One of the problems is the concentration of market power -- and that means we have to have renewed competition policy, renewed antitrust,” Stiglitz, a professor at Columbia University, said in
Jagdish N. Bhagwati, an economist at Columbia and an expert in development economics and international trade, who likes Sanders and supported him in 2016, is critical of Sanders’ policies. In a phone interview,Bhagwati described Sanders’ thinking as “a little bit naive,” displaying little “understanding of the complexity of the issues
“The root causes of the low dollar coffee prices are the high productivity of Brazilian production, the strong dollar and the weak Brazilian real,” said economist Jeffrey Sachs, director at Columbia University’s Center for Sustainable Development, which is undertaking a farmer welfare study backed by the intergovernmental International Coffee Organization.
Economist and co-founder of Global Thermostat, Graciela Chichilnisky, estimates that CO2 could become a trillion dollar market.
Despite the lowest unemployment rates since the late 1960s, the American economy is failing its citizens. Some 90 percent have seen their incomes stagnate or decline in the past 30 years. This is not surprising, given that the United States has the highest level of inequality among the advanced countries
In October 1992, the United States Senate ratified the UN Framework Convention on Climate Change (UNFCCC), the global treaty to stop human-induced global warming, which became enforceable two years later. Yet for the quarter century since then, the US Congress has failed to pass a single major piece of legislation
Economist Joseph Stiglitz wrote a piece for Project Syndicate on the growing problem of market concentration, which allows dominant firms to hold power to the detriment of customers and employees alike. He argues market power concentration must be addressed in order to remedy the problems of low growth and high