If you're born in the United States, having wealthy parents matters a great deal to your chances of success, according to a new report.

We should look at individuals—not national averages—as the unit of analysis, and ask: Are wages adequate for full-time workers?

The idea of reducing the working week from an average of five days to four is gaining traction around the world. Businesses and politicians have been considering a switch to fewer, but more productive hours spent working. But the idea has also been derided. As a historian of leisure, it strikes me that there are a number of parallels between debates today and those that took place in the 19th century when the weekend as we now know it was first introduced. Having Saturdays as well as Sundays off work is actually a relatively modern phenomenon.

In 2019, gig workers across the United States suffered a series of changes to their pay algorithm that have left many scrambling to pay for food and utilities, and seeking assistance from charities over the holidays.

A living wage is an antidepressant. It is a sleep aid. A diet. A stress reliever. It is a contraceptive, preventing teenage pregnancy. It prevents premature death. It shields children from neglect.

For a small town in Texas, the three-decade presence of the world’s largest retailer was a point of civic pride. Then, 18 months ago, all that changed.

On paper, it looks like Scott Larsen is doing better than his father was at the same age. At 29, Larsen has a college degree and earns more money, but he doesn't feel he's moving up in the world. When his father, Craig, was 29, he was already married, owned a home in Payson, Utah, and had two of his five children. Now 64, Craig Larsen worked as a mechanical engineer, earning about $20,000 a year at the time, or about $50,500 in today's dollars, even though he hadn't finished college. His wife, Kathy, was a stay-at-home mom.

Some millennials feel that their six-figure paychecks are stretching thin. As Melkorka Licea reported for the New York Post in October, they are known as "Henrys." The acronym — short for "high earner, not rich yet" — was invented by Shawn Tully in a 2003 Fortune magazine article and has come to characterize a certain group of six-figure earners who are mostly millennials, Licea wrote.

Elites are finding more ways to ensure that their children never run out of chances to fail.

At first glance, it may seem like a paradox: Even as the economy rides a 10-year winning streak, tens of thousands of workers across the country, from General Motors employees to teachers in Chicago, are striking to win better wages and benefits.

When I landed in Boston in 1999, the United States was the land of free markets. Many goods and services were cheaper here than in Europe. Twenty years later, American free markets are becoming a myth. Internet service, cellphone plans, and plane tickets are now cheaper in Europe and Asia than in the US. In 2018, the average monthly cost of a broadband internet connection was...

The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter. The Commerce Department says the July-September growth rate in the gross domestic product, the economy’s total output of goods and services slightly exceeded its initial estimate of a 1.9% rate.

The stakes couldn’t be higher.

On november 25th China National Radio launched a mini-series to laud President Xi Jinping’s stewardship of the economy. For a state broadcaster, that might sound perfectly normal. But the theme of its first report was neither China’s stellar growth nor its sparkling innovations. Rather than such standard fare for propagandists, it focused on creditor committees, which aim to restructure companies that have run into financial difficulties. It was the latest sign of China’s rapid shift from denying that it had a debt problem just a few years ago to grappling with it publicly.

Young Norwegians have enjoyed a 13% rise in disposable household income, bucking a downward trend in other strong economies. Will this golden age last?

Wage floors are still progressive, but can have unintended consequences

How do twenty-somethings handle low salaries and high rents? With the help of a generous allowance.

France’s Yellow Vest protests are the latest Western uprising against rule by technocratic insiders. By Christopher Caldwell.

Statistics like this throw into sharp relief the challenge for Silicon Valley and its leaders in 2019.

There’s more proof that a surging demand for workers has local bosses paying up for talent. Southern California bosses increased pay at a 4.5% annual rate in the first quarter, the top wage hike among 15 major regions tracked by federal government researchers. The Employment Cost Index for Los Angeles, Orange, Riverside, San Bernardino and Ventura counties showed salary and wages in the private sector were up 3.1% a year earlier, No. 5 among the 15 big job markets.