Tag Archives: great depression

Why do wages rise in a recession?

By Demian Perry | Published: 07 Sep 2009

This morning, Rutgers University released its Labor Scorecard, which confirmed the high unemployment figures published by the Labor Department earlier this week. Someone in the PR department at Rutgers caught this report on its way out the door and added a little spice to the press release, noting that “though unemployment has risen in 2009 [...]

Posted in Money | Also tagged economics, Labor Day, recession, salary, unemployment, wages, working class | 1 Comment

Hitchhiker’s Guide to the Second Great Depression

By Demian Perry | Published: 24 Feb 2009

Fed Chairman Ben Bernanke declared today that 2010 would be a 'year of recovery.' An optimistic economist is a sure sign that the end is nigh (and by that I mean the end of the world). So let's down our last pint of bitter, stick out our thumbs, and prepare for a long ride.

Posted in Money | Also tagged bernanke, Economy, history | Leave a comment

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Tag Archives: great depression

Why do wages rise in a recession?

Hitchhiker’s Guide to the Second Great Depression

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