Everybody’s talking about inequality and immobility, but some are lip syncing

April 20th, 2015 at 7:58 am

Over at PostEverything.

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3 comments in reply to "Everybody’s talking about inequality and immobility, but some are lip syncing"

  1. Smith says:

    Inequality vs. Opportunity – Equal opportunity does nothing for inequality, because 2/3 of all job openings require a high school diploma or less! Actual equal opportunity could drive down high wages without raising low wages.
    Productivity growth – U.S. productivity is fake, it’s raised by industry consolidation, cutting workers, finding low wage locales, over working Exempt employees, and automation. Higher wages and job security initially decreases productivity but leads to real productivity growth (see Germany).
    Safety net – Free childcare for working parents, free public education and higher education, raising minimum wages to reduce need for SNAP and EITC is a better policy than raising benefits.
    Unions – ignoring the effects of Taft-Hartley and the anachronistic designation of office workers as ‘Exempt’ leaves economists clueless.
    Tax rates – Top rates need to be confiscatory, as per Piketty, restoring 90% Eisenhower rates above $2 million. Political infeasibility is a self-fulfilling prophecy and historically untrue (see first black president). Redistribution is not goal, an income ceiling through tax policy is.
    Immigration – How is exploitation and unfree labor left out of any discussion of inequality?

  2. Tom in MN says:

    Robert Reich pointed out that calling it redistributing income makes it seem like we are trying to change the natural state of things, when instead what we need is to return distribution back to where it was before the divergence of productivity and wages. This clearly indicates that distribution is not independent from your main point about productivity vs wages and I don’t think you should dismiss it quite as much as you did.

    This is similar to the fact that while we can’t solve inequality with education, we still very much need to get the inequality out of the educational system.

  3. Chuck Sheketoff says:

    Why don’t you mention tax the new “person” in town: corporations? They are getting away with outrageous tax avoidance. We are not broke (http://www.hulu.com/watch/442931)