Economic insight from The Wall Street Journal. Want more? Sign up for our daily Real Time Economics newsletter: https://t.co/HX7UM0pmuK
Regulators should continue to advance reforms to the financial system to address vulnerabilities revealed by the coronavirus-induced market turmoil, Federal Reserve Gov. Lael Brainard said
“Let me be really clear: It’s not up to me to decide whether anyone should join a union. But let me be even more clear: It’s not up to an employer to decide that either,” President Biden said.
Human capital—the corporate workforce—now outweighs factories and equipment for much of the economy, said John Hoeppner, head of U.S. stewardship for Legal and General Investment Management.
“I’m basically discouraging people from buying." Makers of sofas, boats, and exercise equipment can't keep up with surging consumer demand after slowing production at the start of the pandemic.
Presidential candidate Andrew Yang says his universal basic income policy would prepare people for the 21st-century economy: "We need to wake America up to the fact that it is not immigrants that are causing these [job] dislocations, it's technology." #WSJFuture