Economic misery in low-income countries, why good jobs are so out of reach for many, and implementing a Russian oil price cap.
| The story behind the proposed price cap on Russian oil After Russia’s Ukraine invasion, oil prices skyrocketed to over $100 a barrel. Could oil-consuming nations organize a buyers’ cartel to cap the price of oil? David Wessel explains what it would take to implement an oil price cap and warns of an unpleasant alternative that could lead to a painful global recession. Read more |
| Good jobs are out of reach for many 20-somethings in the US The United States has normalized a path from high school to low-wage employment, unemployment, and poverty for its youth—especially those who are female, Black, and Latino or Hispanic. “It is time to reject this pattern and create the conditions for all young people to thrive,” Martha Ross and Anthony P. Carnevale write. Read more |
| Food insecurity and economic misery in low-income countries The deterioration in the global economic landscape is eroding real incomes, exacerbating food insecurity, and worsening extreme poverty in low-income countries around the world. Carlos Arteta and Sergiy Kasyanenko argue for a concerted global effort to combat these shocks. Read more |
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