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October 20, 2014
COMMENTARY – by Michael J. Hicks, Ph.D.
High-skilled and low-skilled workers face very different futures in this economy.
In recent years, average wages in the U.S. have stagnated. This means that wages for some workers have declined while wages for others have risen. Understanding why this has happened is important for any policy discussion.
In economic theory, wages are largely determined by the productivity of workers. As worker productivity rises, so too will wages...
Read the full text: Polarized Labor Markets and the Supply and Demand of Unskilled Workers
Last week's commentary: Worrying About a Stock Bubble
The fourth quarter meeting of the Ball State Business Roundtable will now be Tuesday, November 11, 2014. Registration details will be posted in the coming days.
The annual Indiana Economic Outlook luncheon in Muncie is scheduled for Thursday, December 4, 2014.
The Economic Outlook Tour will be spread out through November, December, and January, and will visit several cities in Indiana. Details will be posted as they are confirmed.
The website CBER Data Center has earned the Award of Excellence in Website Design by the Association for University Business and Economic Research. Employees involved with the project include Graham Watson (coding), Victoria Meldrum (design), and Srikant Devaraj (data).
CBER Data Center portal page: http://cberdata.org
DID YOU KNOW? – by Dagney Faulk, PhD
The housing sector continues to improve although at a slow pace. Recently released data on building permits and housing starts for September 2014 show a year-over-year estimated increase of 2.5 percent (±1.2% margin of error) in building permits for privately owned housing units and a 31.3 percent (±23.7%) increase in housing starts (seasonally adjusted).
Most of the growth is in multifamily (primarily rental) housing. We are certainly seeing evidence of that around Muncie.
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
TUESDAY: Indiana Unemployment Rate, Monthly
WEDNESDAY: U.S. Consumer Price Index, Monthly
|Center for Business and Economic Research
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