wage growth

Financially on Track by 30? For Too Many, It's a Pipe Dream

By the time we hit the big 3-0, we expect our lives will be on track: Careers under way, finances under control, and perhaps even a partner to share the journey with. But the downturn has knocked millions of early 30-somethings off the track they expected to follow.

How Our Economy Has Changed Since 9/11

Many of the economic problems of Sept. 11, 2001, feel awfully familiar today: Recession, bursting bubbles, low consumer confidence, predatory lending. But of course, it's a whole new world now, so we asked economists what the most significant shifts of the past decade have been. Their responses were enlightening.

Labor's Fall -- Not Oil's Rise -- Is Key to Inflation

Despite all the worry over the impact of rising oil prices, recall that the U.S. is now a largely services-based economy, and observe that the rising wages that have led to real overall cost rises in decades past are nowhere to be found today. Exhibit A is in Wisconsin.

America's Malady: A Bad Case of 'Baumol's Disease'

Unlike an illness caused by microscopic invaders of your body, which might raise your temperature and cause you physical aches and pains, Baumol's Cost Disease raises wages and causes some painful shifts in a nation's labor balance. Unfortunately, it's natural, and there's no miracle cure.

The Fed: Economy Grew at a 'Modest Pace' in September

The Fed's latest Beige Book report confirms what earlier economic data has indicated. Eight of the 12 regional Fed banks, including San Francisco and Chicago, reported some form of growth in the September/October period. But nothing to write home about.