Real wages have risen in America and are rebounding in Europe
Yet workers remain miserable
Not much unites the world these days. Yet there is one sentiment shared by many people, regardless of nationality: pessimism about the economy. Just one in ten Americans thinks they are better off than a year ago, according to a recent poll conducted for The Economist by YouGov. Similar negativity shows up in surveys elsewhere.
This article appeared in the Finance & economics section of the print edition under the headline “The pay picture”
Finance & economics December 2nd 2023
- Welcome to a golden age for workers
- Real wages have risen in America and are rebounding in Europe
- China edges towards a big bail-out
- An unruly OPEC is causing problems for Russia and Saudi Arabia
- How to get African oil out of the ground without Western lenders
- Short-sellers are endangered. That is bad news for markets
- Why economists are at war over inequality
From the December 2nd 2023 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer