In less than a decade, factory wages in China have probably more than tripled. To imagine the effects of that, think of how different the U.S. would be if average $15.61 ffactory wage of 10 years ago now rose to...
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Photograph by Wang Zhongju/Color China Photo/AP Images
Inside the factory of a Foxconn subsidiary in Zhegzhou, Henan Province
If U.S. Wages Rose as Fast as China’s, Factories Would Now Pay $50 an Hour
Photographer: Chris Ratcliffe/Bloomberg
Cyprus in April, 2012. Looks like everyone's already left to line up at the ATM.
Two Contrarian Arguments for the Cyprus Deposit Tax
The only people who don't seem to hate the plan are those who are just left speechless. Still there's a case to be made that (a) for most Cypriots it beats the alternatives and (b) a devastating run on the...
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Photograph by Christian Heeb/laif/Redux
The San Remo apartment building, on New York's Upper West Side.
4 BRs, $29,750 a Month: a Story of Inflation
In 1940, the most expensive apartment in the San Remo, the Art Deco masterpiece looking out over Central Park, rented for $900 a month. A more typical price was $540. Now an apartment there lists for $29,750 a month, a...
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Photograph by American Stock/Getty Images
Deflation isn't always accompanied by Depression-style soup lines.
How Much Should We Fear Deflation?
"Deflationary spirals" have been a major subject on the economics agenda. The theory is clear, but there are few actual examples to study. The Great Depression in the United States is one, and Japan is another.
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