Archive for the ‘Income’ Category

POTUS Proposes an Increase in the Minimum Wage!

February 12th, 2013

It’s a great idea, one I’ve espoused on these very pages.  The President suggested raising the federal minimum from its current level of $7.25 up to $9 by 2015 and then index it to inflation.  An increase of that magnitude would directly lift the wages of 15 million low-wage workers, according to the WH. Clearly,… Read more

College is Not Inoculation

February 1st, 2013

Just working up some numbers for testimony next week on education and jobs and wanted to share this graph of real weekly earnings for full-time workers with a bachelor’s degree, 25 and up. I think there’s a strain of debate on these issues that argues once someone has a college degree, they’re immune from the… Read more

Live in OR!

January 27th, 2013

Headed out to Oregon to give talks in Eugene on Monday and Portland on Tuesday.  Info here in case you’re out there.  And thanks in advance to the great Oregon Center for Public Policy for planning a major Northwestern wonkout. I’m planning to talk about inequality, growth, jobs, and incomes–what’s broke and how to fix… Read more

A Quick Data Note, Following Up On Unions and Job Growth

January 23rd, 2013

In my earlier post on shrinking union density, I noted the following: “…you don’t see systematic differences in job creation favoring, for example, countries or states with low versus high unionization rates.” Here’s a simple look at what I mean.  The theory among many who disparage unions is that they distort the labor market, creating… Read more