Biden has identified raising the minimum wage as a key goal of his administration, but economists and lawmakers disagree on the potential impact. WSJ asked two economists and a minimum-wage worker what the costs and benefits of a $15 minimum wage might be. Photo: Bill Clark/Congressional Quarterly/Zuma Press
Tag Archives: The Economy
Economy: Americans’ 2021 Financial Hardships
The coronavirus pandemic has forced many Americans to accept new financial realities. WSJ’s Shelby Holliday traveled to a diverse neighborhood in Philadelphia to learn how neighbors are facing different struggles brought on by the same virus. Photo: Adam Falk/The Wall Street Journal
The Economy: ‘Why Is Inflation So Low?’ (Video)
In the past two decades inflation has puzzled economists by remaining low in good times and bad. Could the pandemic cause it to rise?
Economy: “Durable Goods Explained” (WSJ Videos)
The survey of new orders for long-lasting goods contains one of the most closely watched U.S. economic indicators. WSJ explains durable goods, and why investors look beyond the headline number for a better read on business activity.
Photo: Josie Norris/The San Antonio Express-News
The Economy: “What Will The Recovery Look Like?”
Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that economists are coming up with new shapes to describe the potential recovery. WSJ explains.
Illustration: Jacob Reynolds
