Thursday, January 29, 2015


Econ Comments & Analysis                                                                                            
Wall Street Journal | How Student Debt Harms the Economy
To the growing catalog of damage caused by the decades-long run-up in the cost of higher education, we may have to add another casualty. On top of the harm high tuition and other charges are inflicting on young people, and the way their struggles are holding back today’s economy, we must add the worry that tomorrow’s economy will suffer, too.

Wall Street Journal | Where There’s Already Faster U.S. Wage Growth
Much has been made of the stagnant wage growth so far in this expansion even as net hiring has accelerated. The Federal Reserve thinks it’s one sign that the labor market still has an excess of available workers despite the drop in the December unemployment rate to 5.6%.