Archive for the ‘Wages’ Category

Talking Top Salaries in Finance and the Gas Price Spike with Kudlow and Co.

February 21st, 2013

Had great fun co-hosting the Larry Kudlow show last night—yes, it was fun and interesting (though way, way too much of the Republican talking point: it’s Obama’s sequester!  That part was pure nonsense).  Anyway, check out this segment on the pay of finance CEO’s.  There you learn that as penance for his lack of oversight… Read more

Charles (goes out of his) Lane On the Minimum Wage

February 19th, 2013

Charles Lane of the WaPo oped page often makes pretty muscular arguments in favor of conservative causes.  But alas, not today. Today he’s got a bit of a mash-up on why he’s against the minimum wage increase, a dog’s breakfast of arguments that failed to make his case. Lane argues that even if the weight… Read more

Minimum Wage Increase: $9 is Log Linear

February 17th, 2013

Richard Freeman, the godfather of labor economics, once told me that one reason minimum wage increases don’t have the job loss effects their opponents predict is because the political process disallows increases that would be large enough to trigger such effects.  I think that’s right and one way to quantify it is to look at… Read more

Raising the Minimum Wage: The Debate Begins…Again

February 14th, 2013

If you, like me, are a veteran of this minimum wage scrum that’s getting underway, you’ve likely heard the arguments before.  But for you newbees out there–or vets who need an update—here ‘tis: Claim: Instead of helping low-wage workers, an increase in the minimum wage will cause them to lose their jobs. Certainly that’s the prediction… Read more