New wage gap despite tight job market

In the 19th century, it took six decades after the Luddites for the wages of textile workers to recover after the advent of weaving machines. We are in the midst of another such gap now, according to David Autor, a pioneering labor economist at MIT. What’s happening now: Machines are creating more wealth, but workers…

The traps Kim can spring on Trump

Talks with North Korea present a long list possible pitfalls for the U.S. Since Kim Jong-un’s offer, President Trump has exacerbated the risks by accepting the invitation outright, issuing overconfident statements and replacing the cautious Rex Tillerson with the pliant Mike Pompeo as secretary of state. Why it matters: The State Department exists to ensure…