Bernie Sanders and Jeffrey Immelt had a bit of a dustup over the past couple of days. For the details, links, and some really trenchant analysis, see Jeff Spross here. Basically, Sanders went after GE as a bad corporate actor, a serial tax avoider, and an outsourcer. He said something about the firm eroding “the… Read more
As Dean Baker pointed out to me this AM, the labor share of national income is slowly gaining back some of its losses, as shown in the figure below (see circled part at end). This is a good thing, and should, to some extent, reduce inequality by shifting some of the growth from profits into… Read more
Contemporary economics is often criticized for being too mathematical. How can we really capture the complex dynamics of what’s happening in people’s economic lives with a bunch of formulas? In fact, the point of all the math is to distill people’s complex experiences down to something we can model, understand, measure, and maybe predict. Yes,… Read more
…we’re leaving less advantaged kids behind, leaving significant net benefits on the table, and making it harder for parents to go to work. Over at WaPo.
Here’s is a great deck by Mark Pearson from the OECD from the National Academy of Social Insurance conference yesterday. Pearson compares inequality across various countries, as well as the extent and impact of taxes and transfers on market-based income dispersion. He covers a ton of great stuff here but misses a chance to make… Read more