Archive for the ‘New Posts’ Category

A Break in the Force?

June 21st, 2011

Ezra reports that Republicans who have been stonewalling on tax revenues in the budget deal might be open to cutting some tax expenditures.  These are the $1 trillion or so of “spending through the tax code” that everyone theoretically wants to go after until you start indicating which ones should go. That’s Ezra’s point: that… Read more

Don’t Try This At Work

June 21st, 2011

I don’t like computer games much…or, more to the point, I stare at the screen enough in my work life and like to stare elsewhere in my free time.  But my kid turned me onto this game called Civiballs and it’s so fun and such a healthy mental workout (once you get past the early levels)… Read more

Which Paul Are You Gonna Believe?

June 20th, 2011

Debated Representative Paul Ryan this AM on CNBC.  We agreed that there’s a lot to like about Wisconsin but that was it.  To me, his program is an amalgam of trickle down, whack the poor, further enrich the wealthy, weaken social insurance, and push YOYO over WITT (“you’re on your own” versus “we’re in this… 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