Lean Out: Employees Are Accepting Lower Pay In Order To Work Remotely
A new study finds American companies are using remote work as a way to avoid giving workers raises; so much so that it's helping to moderate inflation.
inflation
When a first-term Democratic president struggles, people talk about Jimmy Carter
Biden has been faulted for speeches that do not seem to meet the moment or lack the urgency to compel others to follow. His soothing approach to issues that prompt anger has often failed to soothe.
Hiring slipped only slightly in June, with no sign of a looming recession
U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.
The case of the incredible shrinking fritter: A report from Kenya's street stalls
Inflation — fueled by the pandemic, the war in Ukraine and local issues — has made everything more expensive, including the oil used to fry street food. Here's how vendors and customers are coping.
Fourth of July parties will cost more this year but you can save with a bit of math
Hosting a July 4th barbeque is 11 percent more expensive than last year, thanks to inflation. The prices of chicken wings, ground beef and beer have all skyrocketed. Still, there are ways to save.
Inflation killed the $1 pizza slice. Long live the 99c iced tea
A viral tweet claimed the AriZona Iced Tea was raising its price from 99 cents to $1.29. It wasn't true, but could it happen in the near future?
Duke University economists warn high prices aren't going away anytime soon
Several economists from Duke University are outlining the impacts of inflation.
Biden wants a gas tax holiday. Some economists say that's a bad idea
Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.
Powell says recession 'a possibility' but not likely
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
Despite warnings from economists, Biden says a recession is not inevitable
In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.