Dean Baker | TalkMarkets | Page 1
Co-Director at Center for Economic and Policy Research
Dean Baker co-founded CEPR in 1999. His areas of research include housing and macroeconomics, intellectual property, Social Security, Medicare and European labor markets. He is the author of several books, including "Getting Back to Full Employment: A Better ...more

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Actually, The Labor Share Has Not Been Declining Over The Last Seventy-Five Years
There have been ups and downs in the labor share of income over this period, but there is no downward trend.
Mortgage Rates Are Unlikely To Stay Where They Are
Millions of people were able to refinance their mortgages at extraordinarily low rate from the start of the pandemic in March of 2020 until the Fed began raising rates in March of 2022.
Profits Are Still Rising, Why Is The Fed Worried About Wage Growth?
The profit share of corporate income rose to 26.8 percent in the fourth quarter from 26.3 percent in the third quarter.
Maybe Wages Being Up 21 Percent Has Something To Do With Prices Not Going Back Down
The average hourly wage is up by just over 21.0 percent from its pre-pandemic level. That puts it slightly ahead of the 20.0 percent increase in the Consumer Price Index over this period.
Inflation And Auto Insurance
When we hear about inflation most of us probably think of items like food, gas, and rent, but when it comes to the CPI, the most frequently cited measure of inflation, auto insurance has played a very large role in recent years.
If China’s Economy Is A Basket Case, What Do We Call Mexico’s?
​​​​​​​There have been lots of reports in the media about China’s economic problems in recent months. Most of these pieces imply that it is facing some imminent disaster.
In A Free Market, Drugs Are Cheap, Government Policies Make Them Expensive
We will spend well over $600 billion this year on drugs. These drugs would likely cost less than $100 billion in a free market.
Biden Is On The Mark In Trashing Junk Fees
The Wall Street Journal is unhappy with the move by President Biden to go after “junk fees,” by setting up a task force to uncover abusive pricing. It complains that this will interfere with companies’ ability to set prices.
Is “Greedflation” Over?
Corporate profits stood at 26.3 percent of income in the most recent quarter. This implies that corporations are still pocketing more than 60 percent of their pandemic dividend.
The Sham “The Economy Is Awful” Story
Credit card debt virtually stopped growing in 2020-22. There were two reasons.
NYT Highlights Problem Of Part-Time Employment As It Hits Record Low
The reason economists tend to focus on hourly wages is that many people opt to work part-time employment.
Biden’s Record On Income Growth
The public was largely willing to forgive Trump for the high unemployment created by the pandemic if it’s not willing to forgive Biden for its negative impact on the economy that reflects something other than objective reality.
The Great Economy Trump Left Biden
The number of people employed in January of 2021 was nearly 8 million people below what it had been before the pandemic. We see the same story if we look at the measure of jobs in the BLS establishment survey.
The Really Big Lie: No One Supported A Free Market Policy On Trade
It is wrong to say that our trade policy was “letting the chips fall where they may”. It was in fact far worse.
Government-Granted Patent Monopolies Are Not The Free Market
The American system generally sees monopolies as antithetical to free markets. The patent monopolies that government grants to pharmaceutical companies demonstrate why it's such a bad idea.
This Economy Has Landed, We Are At The Fed’s Target
The November Personal Consumption Expenditure Deflator (PCE) should be a pretty clear sign that we have achieved the soft landing the Fed has been looking for.
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