Archive for the ‘Income’ Category

Charles Murray’s “Coming Apart”

February 28th, 2012

Charles Murray’s Coming Apart is a frustrating book, and not because it fails to resonate but because he identifies a real problem–the increasing distance between income classes–then fails to convincingly document or explain it.  Part of this is the limiting and confusing way he uses data to craft his story, and part is his unwillingness… 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

Some Context for Tonight’s Speech

January 24th, 2012

It sounds like the President is getting ready to deliver a speech that speaks directly to many of the living standards issues you read about here at OTE–issues regarding a fair shake for the middle class, the failure of trickle down, the need for a serious manufacturing policy.  In that light, keep in mind this… Read more