Archive for the ‘Housing’ Category

Minimum Wage and the Family Budget

March 19th, 2012

Nice bit of analysis here on how far the minimum wage goes doesn’t go relative to “Fair Market Rents” (about the 45th percentile of the rental distribution in each area)—h/t: RK.  A more nuanced view would include the Earned Income Tax Credit, a critically important wage subsidy for working parents with low-incomes that can add… Read more

Remember the Housing Bubble?

March 7th, 2012

 While paging through some CoreLogic data on negative home equity—that, of course, is what you’re left with when you owe more on your home than what it is worth—I was reminded of the extent to which this still, after all these years, remains a factor weighing on both people’s economic security and the recovery.  Aggregating… Read more

Threats to the Current Recovery

February 23rd, 2012

Let’s take a well-deserved break from manufacturing and tax policy and cheer things up with a post on threats to the current recovery. As I’ve stressed, IMHO we’re not yet into the virtuous cycle where we can count on above-trend growth to generate jobs, which boosts paychecks, which supports consumption, which signals investors to get… Read more

Weekend Activities

February 5th, 2012

Light posting for these reasons: –Crunching on testimony for a Senate Budget Committee hearing on inequality later this week–will post segments when ready. –Coaching young kids’ basketball, which is both deeply satisfying and challenging–one is reminded of a great analogy I once heard: “following the hearing, lobbyists swarmed the legislators like 8 year-olds chasing the… Read more

Two Sets of Ideas From the White House

February 1st, 2012

The White House has a good set of ideas out this AM to a) help the housing market and b) help small businesses and start ups.  The former sounds good to me; the latter, less so. First, the economics, then the politics (you can decide whether that’s spinach first or dessert first). An important exit… Read more