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Economy – Articles, Analysis, Opinion

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Perot become a household name after making an independent run for president in 1992. AP Photo/Doug Mills

The ‘giant sucking sound’ of NAFTA: Ross Perot was ridiculed as alarmist in 1992 but his warning turned out to be prescient

As the US prepares to replace NAFTA, a labor scholar who was critical of Perot but shared concerns about the deal revisits the claim that helped him become the most successful third-party candidate since Teddy Roosevelt.
New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock

New York’s new rental protections won’t end the outsize influence of big developers who pay the city’s bills

New York City’s municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.
Unemployment and a loss of health insurance are two problems not necessarily captured in official poverty measures. tuaindeed/Shutterstock.com

US poverty statistics ignore millions of struggling Americans

In the US, poverty is measured by income level. But that measure misses many other aspects of poverty – like unemployment, poor health and a lack of health insurance.