Archive for the ‘Jobs’ Category

Hey, the NLRB Proposed a Good, Progressive Idea!

June 25th, 2011

Something kind of progressive just happened that you might have missed: The National Labor Relations Board proposed a new idea to help level the playing field for workers who want to organize a union. A little background: under current law, once 50% of employees petition for union representation, the employer can voluntarily choose to waive… Read more

Slack Attack!

June 22nd, 2011

I’ve been working on explaining pictures like the one below, trying to understand why middle-class incomes so dramatically stopped tracking productivity growth. Productivity gains are society’s main path to improved living standards, but if those gains elude the middle class, it’s not a reach to say that the glue holding our society together starts to… Read more

Middle-Class Squeeze

June 20th, 2011

I’ve been crunching all day on a paper on the middle-class squeeze.  Here are two figures from the work that tell a lot about the story. First, there’s the well-known split between the growth in real middle-class family income (here, the median income) and productivity growth.  People used to say: “well, you’d expect family incomes to… Read more

Why Didn’t Immigration Make the List?

June 19th, 2011

In an earlier post today, I listed the factors that I believe are most widely agreed to be behind the increase in wage and income inequality.  Here they are again:  Globalization, “labor-saving” technology, much diminished union power, declining minimum wages, “financialization” of growth, tax incentives favoring capital (though these numbers are all pretax, the incentives… Read more

You Ask, I (sort of) Answer

June 19th, 2011

From a post endorsing another round of a payroll tax cut: Q: How do you hold the Social Security trust fund harmless without reimbursing it from the federal budget? A: It’s a legitimate concern for at least two reasons.  First, as you suggest whatever Social Security revenue is diverted from current workers paying into the… Read more