Page 6 - Aggregate Demand News Today

Did MNREGA Cushion Job Losses During the COVID-19 Crisis? Analysis suggests that districts that have historically exhibited high state capacity to utilise MNREGA funds have been better able to use the additional funds for employment recovery last year – especially for women. Women at a MNREGA work site. Photo: UN Women Asia and Pacific/Flickr CC BY NC ND 2.0 Rights11/Feb/2021 Data from the Centre for Monitoring Indian Economy (CMIE)’s Consumer Pyramids Household Survey (CPHS) show tha...

In a small group of people, greater wealth than the bottom half of humanity? if everybody else is making money more than they did last year and more than inflation, whats your long-term worry bay world thats going in this direction? >> well, there are two big, big problems. one problem is we lose democracy because with great wealth amassed at the top comes great political power and that political power -- basically, nobody else has heard and a lot of political scientists have already measured th...

Greater wealth than the bottom half of humanity? if everybody else is making money more than they did last year and more than inflation, whats your long-term worry bay world thats going in this direction? >> well, there are two big, big problems. one problem is we lose democracy because with great wealth amassed at the top comes great political power and that political power -- basically, nobody else has heard and a lot of political scientists have already measured this already. and we can see w...

They have a different tariff structure that is worse than ours. we have accepted their crushing labor market which gives us cheaper goods. anthony, you know this. you actually talked to me about this once. it means people are buying up a lot of stuff from this other place. that is good because you are getting goods into your country and its goods they want. >> i understand that. here is the purpose. let me explain this quickly. if china is the saudi arabia. if saudi is crude oil, khaochin manufa...

>> i think the big message here is an america first strategy doesnt contradict a long-term global strategy and an integration into the global system. i think thats the biggest challenge that the media is having with the president. at the end of the day, what the president stands for is helping middle class families and lower middle class families have more disposable income, which is greater aggregate demand and purchasing power for the global marketplace. >> reporter: whatcontext? davos is abou...

Detrimental to the american worker. so i had this conversation with my canadian friends. i shared this with my mexican friends. it is better for all of us to work together and to have the context of a free trade agreement that works for all three nations. the president is simply saying, and he said this, secretary mnuchin said this, lets work on re-creating and helping working class families in the united states. if you do that, thats literally been the bread basket of the world. ill give you a ...

Didnt work. so i think that the a approach that matteo is describing is the right one. move forward on the structural reforms, but have flexibility and a strategy for increasing demand, increasing investments, if you -- if -- and by the way, here in the united states were not done. i would like to see us rebuild our infrastructure across this country. thats a smart investment to make right now and put people back to work. it would boost additional demand. more workers would be employed. they wou...

This president has been doing. and the minor barbs, the discussion about inequality, does not equate to being victimized in any sense of the word that rational people would understand it. >> michael, the job creators are consumers. if you begin where the economy begins, which is with demand. you cant -- you cant hire someone to do a job that does not provide a good or a service that is in demand by a population that can afford it, which is an argument that the president has been trying to make o...

Because it adds to aggregate demand in the economy. every economist understands that. in fact, the unemployment compensation program starting in the 30s is widely, again, hailed by almost all economists as part of the countercyclical set of programs that you have. when you have unemployment, that becomes self-reinforcing. >> right. >> fewer people can work, so they havent got money to spend and that leads to further unemployment. unemployment compensation, boehner could not be more ignorant in t...

Here is a temporary fix, lets get to the root of the problem. chris, i think thats what the american people are saying. >> its a three-month extension, time to work out some other details potentially, so you have a three-month extension and the independent nonpartisan congressional budget office says this is going to help the economy. let me read from their report, extending energy unemployment benefits would raise gross domestic product and employment in 2014, relative to what would occur under...