Archive for the ‘Income’ Category

Is the US Economy Good, Bad, or In-Between Right Now?

July 23rd, 2013

Yesterday, the WSJ featured a piece explaining how the economy’s “stuck in neutral.”  Today, it features “reasons for economic hope,” including repaired balance sheets, the shale boom, reduced health care inflation, and falling budget deficits. So, which is it? At this risk of being a little too folksy, I think the gear shift analogy is… Read more

Four Trends in the Recovery, Two of Which You Don’t See Enough

June 3rd, 2013

Last week brought numerous reports on how the US economy is faring, with a general flavor of optimism is most of the reporting.  Here are some of the key points, of all which are grounded in the data: –home prices/sales/starts, the stock market, consumer confidence are all trending up, supporting the recovery; –GDP and jobs… Read more

Dreaming of Full Employment

April 1st, 2013

Some people like to dream about Christmas when it’s August; I like to think about full employment when we’re stuck in the slog we’re in. As I’ve mentioned, some colleagues and I are updating some earlier work of the benefits of full employment and I just wanted to post this little figure to remind us… Read more

Raising the Minimum Wage: The Debate Begins…Again

February 14th, 2013

If you, like me, are a veteran of this minimum wage scrum that’s getting underway, you’ve likely heard the arguments before.  But for you newbees out there–or vets who need an update—here ‘tis: Claim: Instead of helping low-wage workers, an increase in the minimum wage will cause them to lose their jobs. Certainly that’s the prediction… Read more

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