Archive for the ‘New Posts’ Category

Teresa Tritch and the Birmingham Bounce

August 21st, 2015

Curse you, Teresa Tritch of the NYT’s editorial page! I–not you–am the one who connects progressive economic stories to obscure jazz pieces! JK! Ms. Tritch highlights a great and surprising development: “By a vote of 7 to 0 with one abstention, the city council of Birmingham, Ala. adopted a citywide minimum wage this week of $10.10 by… Read more

Bumpier deficits, smoother ride

August 18th, 2015

I just love these graphs! (Can you say that about graphs you made?? We–RK and I–were only able to make them because my formidable co-author Richard Kogan dug up data on deficits as a share of GDP going back the beginning of the nation!) Over at Vox. Basically, these figures are pictures of what I… Read more

Minimum wages and capital/labor substitution

August 17th, 2015

Two arguments have collided in recent months. #1: the pace at which robots are placing workers is accelerating; #2: the historically large minimum wages increases being proposed and implemented in various places will have the unintended consequence of hurting the job prospects of those the increase is meant to help. Put these together, and you… Read more