In The News: Molasky Family Department of Economics and Real Estate
There was a time in U.S. history when prosperity was more or less equitably shared across all economic classes. During the period that started just after World War II until 1978, increases in the minimum wage and the income of the median household reliably matched up with increases in productivity of the overall economy.
In an era of political leaders bullying those they disagree with, it is refreshing to see one stand up for a competitor.
In an era of political leaders bullying those they disagree with, it is refreshing to see one stand up for a competitor.
In an era of political leaders bullying those they disagree with, it is refreshing to see one stand up for a competitor.
Las Vegans were relieved after a person suspected of having coronavirus tested negative for the illness. But internationally, the number of cases and deaths continues to grow.
Oil prices topped $70 a barrel Monday for the first time in over three months thanks to the latest mess in the Middle East. Higher prices at the gas pump seem sure to follow.
According to the Insurance Information Institute, 90% of wildfires in the United States are caused by people, and the remaining 10% are caused by lightning strikes or lava.
A UNLV economics professor predicted the national economy will continue its slowdown in 2020 and 2021 and that should trickle down to the gaming and hospitality industry in Las Vegas that he said is surprisingly soft given record passenger numbers traveling through McCarran International Airport.
Growth in the global economy is stalling. Trade tension with China is at an all-time high. So is a recession near? Many economists say yes.
Growth in the global economy is stalling. Trade tension with China is at an all-time high. So is a recession near? Many economists say yes.
The gap between economic theory and practice is sometimes cavernous. According to one theory, developed financial markets and access to lenders should make it easier for people to borrow money, become entrepreneurs and move to higher income brackets. But new research in the Journal of Policy Modeling finds that, in practice in the U.S., income inequality increases as financial markets develop.
Southern Nevada has roughly $26.1 billion worth of major construction projects in the pipeline — a sign, experts say, of a booming economy.