Just heard Fed chair Janet Yellen give this great talk on inequality of wealth, income, and importantly, opportunity. I’ll have more to say later, but do give this a read. Some points that jumped out to me: –It’s fundamentally important that she gave this speech, as it was when President Obama gave a speech elevating… Read more
Where the “hole” is wage stagnation. Over at PostEverything.
It’s all here, folks. That is, it’s all over at the American Prospect.
Co-authored with Harry Holzer, over at PostEverything. The ideas here links to the concept of reverse hysteresis, the notion that tight job markets, and, in this piece, smart sectoral and earn-while-you-learn policies, can help bring some who’ve left the labor market back in.
We’re apparently more ideologically divided than ever, politics remain horribly gridlocked, there’s deep confusion about where the economy’s headed…so what better time to trot out an ambitious policy agenda?! Obviously, there’s a selection bias in play, but everywhere I turn these days, people are asking me (and, I presume, others like me): what should we… Read more