Archive for the ‘Inequality’ Category

The Upshot Is…

April 22nd, 2014

…a new feature over at the NYT—the brainchild of long-time economics writer David Leonhardt—covering all kinds of interesting stuff in the intersection of econ, politics, and life.  I’ll be writing for it, as it absorbs the Economix blog. In the first issue (not the right word in digital world, I guess), Leonhardt and Kevin Quealy… Read more

Dude, Where’s Your Piketty Review??!!

April 19th, 2014

I’m way late in weighing in on Thomas Piketty’s great book “Capital in the 21st Century,” (note the lack of subtitle–I like that–gives the title that much more weight!).  That’s because I’m reading it really slowly but I’m almost done. Why so slow?  In part, because I’m savoring it–it’s a wonderful read, with trenchant insights… Read more

Rents, Rents, Everywhere Rents!

April 17th, 2014

Once you start seeing rents at the high end of the US compensation scale, it’s hard to stop (“rents” in this context means being paid well above your actual contribution to your firm’s value-added). There’s all the “front-running” stuff by high-frequency traders that’s finally getting a lot of press, which is a close cousin of the… Read more

What’s Driving the Growth of US Inequality: Labor or Capital Income?

April 13th, 2014

As noted yesterday, I’m working on a longer piece about sky-high salaries—merit vs. “rents”—so I was interested to see this piece (“Invasion of the Supersalaries”—nice!) in the NYT this AM.  That piece reports that “the median compensation of a chief executive in 2013 was $13.9 million, up 9 percent from 2012…”  I’m assuming that 9%… Read more