Archive for the ‘Wages’ Category

The usually great Catherine Rampell unconvincingly objects to two improved labor standards

August 8th, 2017

I’ve long been a big admirer of Catherine Rampell, but her piece today on “unintended consequences” of pro-worker policies was uncharacteristically unconvincing. She goes after two specific upgrades to existing labor standards: the increase in the federal minimum wage from its current $7.25 to $15 per hour, and the increase in the salary threshold below… Read more

Reax to NYT oped

June 5th, 2017

I’ve got an oped in this AM’s NYT on four big ideas that I see Democrats, and not just traditional progressives, but also centrists, converging around. –a universal child allowance; –a $15 minimum wage; –a large expansion of the EITC; –direct job creation. Here are some responses and pushbacks. Much of what folks raised are… Read more

Flat Phills, all around

May 7th, 2017

I’ve got a piece in today’s WaPo on the diminished correlation between the tightening labor market and wage and price growth. This is evidence of the well-known flattening of the “Phillips Curve,” the statistical relationship between nominal wages, prices, and tightness in the job market. The figure below shows annualized growth rates of a) core… Read more