Archive for the ‘New Posts’ Category

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


June 18th, 2011

I recently suggested a national infrastructure program to repair, insulate, and green the nation’s public schools.  As described here, this is a “dialable” concept that could go from meeting the maintenance backlog to more ambitious retrofits and technology upgrades. Now I’ve even got a name for it, Fix America’s Schools Today, or FAST.  I think… Read more

Late Friday Night Musical Interlude

June 17th, 2011

Alright cats and kittens, it’s time to get Red. Jazz pianist Red Garland is just so damn swinging I can’t stand it.  Whatever kind of music you’re into, click on this little blues and just see if you don’t start smiling by about the second chorus, tapping your foot by the third, and by the… Read more