The Morning Economic Report | WYPR

The Morning Economic Report

Monday-Friday at 7:33 am

Anirban Basu, Chairman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants.  Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes.  Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

He is the author of numerous regional publications including the Mid-Atlantic Economic Quarterly and Outlook Maryland. Anirban completed his graduate work in mathematical economics at the University of Maryland.  He earned a Masters in Public Policy from Harvard University in 1992.  His Bachelors in Foreign Service is from Georgetown University and was earned in 1990.

Tom Blackwell/flickr

It is well known that less educated workers tend to make less money than those with more education.  Recent data indicate that that’s hardly where the differences end. The Federal Reserve Bank’s latest Survey of Household Economics and Decision making, a treasure trove of workforce data derived from the survey responses of more than 600 respondents, indicates that less educated workers also suffer irregular, unpredictable work schedules. 

Rising Wages

Jun 12, 2017
elycefeliz/flickr

Economists have been debating one of the economy’s central mysteries for months – with unemployment rates so low, why are wages rising barely faster than the pace of inflation.  As workers become more difficult to recruit, the notion is that compensation should be bid higher, but that isn’t happening at the pace one might expect... 

There was a time after last year’s elections that many experts were predicting a sharp bounce in economic growth in the U.S. As indicated by writer Nelson Schwartz, that sharp bounce is beginning to look more like a small bump. It is not that the economy is necessarily weakening or that a recession is imminent. Rather, it appears that the pace of growth this year won’t be much more than it was last year or the year before that.  

Anirban has more. 


Ricardo/flickr

While there has been a considerable volume of discussion recently regarding the curtailment of immigration in America, recent data indicate that through 2016, the foreign born share of the labor force continued to expand. According to U.S. Labor Department data, last year, there were 27 million foreign born people in the U.S. Labor Force. That translates into nearly 17 percent of the workforce. 

Anirban has more.

Rural Poverty

Jun 7, 2017
cisc1970/flickr

When people consider the presence concentrations of poverty in America, they may envision the conditions frequently associated with inner cities. Indeed, beginning at some point during the 1980s, the nation’s most challenging communities were often found in cities, where a combination of crime and suburban flight rendered large cities less economically vibrant.

Anirban has more. 


Ricardo/flickr

Despite forecasts suggesting that 2017 would be better for the global economy than 2016, economic growth during 2017’s initial quarter in developed economies slowed sharply. The Organization for Economic Cooperation and Development recently indicated that the combined economic output of its 35 members expanded just 0.4 percent during the first quarter.  

Anirban has more. 


Better Bridges

Jun 5, 2017
melissaclark/flickr

One of our standard national narratives is that America’s infrastructure is collapsing. Our pipes leak, our water is polluted, our bridges obsolete, and our airports prehistoric. What is less often heard are some of the improvements being made to infrastructure. For instance, as indicated by writer David Harrison, America’s bridges are actually getting sounder.  

Anirban has more.


Kathryn Decker/flickr

The job market has steadily improved for college graduates in recent years. Unfortunately, the cities that tend to offer the most employment opportunities for recent graduates are also typically the most expensive. A recently released report from Trulia estimates the share of apartment listings that would take up less than 30 percent of the typical millennial’s paycheck in major U.S. cities. 


Auto Loan Debt

Jun 1, 2017
John Loo/flickr

There are a lot of new cars out there, which also means that there are a lot of people who now have a car loan. According to recently released data from the Federal Reserve Bank of New York, a record $107 million Americans have auto loan debt. Much of this debt is of recent origin. In early 2012, only 80 million Americans had car loans. As indicated by CNNMoney, back then, more Americans had home mortgages that auto loans. 


Household Debt

May 31, 2017
kuhnmi/flickr

Remember a few years ago when households around the country committed to paying down their debts? The financial crisis hit many households hard, particularly those who had taken on a considerable amount of debt. For a time, household debt was in decline. In late 2008, household debt commenced a decline that would last for 19 consecutive quarters. But debt began to rise again in 2013. 

Anirban has more. 


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