A few weeks after the election, Gary Cohn, the president of Goldman Sachs, was summoned to Trump Tower for a discussion about the economy.
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Kay Abramowitz has been working, with a few breaks, since she was 14. Now 76, she is a partner in a law firm in Portland, Ore. — with no intention of stopping anytime soon.
Suppose there were a way to pump up the economy, reduce inequality and put an end to destructive housing bubbles like the one that contributed to the Great Recession.
House Republicans have an ambitious plan for overhauling the way American businesses are taxed. A short list of the plan’s potential benefits looks awesome: It would give companies more incentive to keep jobs in the United States, less to overextend themselves on borrowed money and provide vast savings by reducing what companies spend on tax lawyers, who help them game the current system.
Ivanka Trump’s business just absorbed some blows. But more damaging than Nordstrom’s decision to drop her clothing line might have been the reaction from her father, the president.
Almost half of people in their early 20s have a secret, one they don’t usually share even with friends: Their parents help them pay the rent. Moving into adulthood has never been easy, but America’s rapidly changing labor market is making it harder to find economic security at a young age.
President Trump will make America smaller. He may not be thinking in these terms. But as he barrels ahead with his promise to restrict immigration — barring people from some Muslim-majority countries, limiting work visas, expelling millions who are here illegally — the president might want to ponder how this fits the theme of making America “great again.
The main reason for the gender gaps at work — why women are paid less, why they’re less likely to reach the top levels of companies, and why they’re more likely to stop working after having children — is employers’ expectation that people spend long hours at their desks, research has shown.
If you’re an economic technocrat staring at a dashboard of official indicators of how the United States is doing, these look like pretty good times. The unemployment rate is low.
With the January jobs report released Friday by the Labor Department, we know that President Trump took office amid a relatively low unemployment rate (it ticked up to 4.8 percent in January), strong job growth (227,000 positions added that month) and weak wage growth (average hourly earnings up 0.1 percent in January and 2.5 percent over the past year).