Posts filed under “Wages & Income”
click for larger chart
Source: Visualizing Economics
When it comes to the top 0.01 percent of earners, it is extremely challenging to describe the differences in terms of income. Words often fail to convey the massive range.
Fortunately for us, Catherine Mulbrandon of Visualizing Economics has put together a simple chart that shows just how fantastic the spread was in 2010 between those who are merely rich and the fabulously wealthy. This is an unweighted scale. It isn’t skewed for population. It merely ranks top incomes by dollars earned.
The Long and Short of It: The Impact of Unemployment Duration on Compensation Growth M. Henry Linder, Richard Peach, and Robert Rich Liberty Street Economics, February 12, 2014 How tight is the labor market? The unemployment rate is down substantially from its October 2009 peak, but two-thirds of the decline is due to…Read More
From National Journal: Money is important, but it isn’t everything. The Organization for Economic Cooperation and Development created the Your Better Life Index to compare the quality of life as well as economic prowess of its 34 member countries. The index measures each country using 11 different lines, including income, employment, health, education, environmental quality,…Read More
Regular readers may recall that I’m not a big fan of this Bureau of Labor Statistics Employment Situation data series, as it is unusually noisy and subject to further revisions and modeling adjustments. (See Ignore Today’s — and Most — Jobs Reports). As we discussed not too long ago, the Employment Situation report is “the…Read More
Last night’s Daily Show appearance (described here: How I Ended Up On The Daily Show) generated a surprising amount of interest. As much as I would like to claim responsibility for the buzz — my calm demeanor and rational approach as the cause — in reality, the person on the other side of the argument, Peter…Read More
Source: Center for Economic and Policy Research Minimum wage policy was part of the SOTU address last night. As it turns out, 20 states plus DC have minimum wages higher than the federal level. CEPR notes that: As of January 1, 2014, 13 states raised their minimum wage, with California set to follow suit…Read More
Category: Wages & Income
Below is my Daily Show debut.
The segment was pretty good. As noted last night, we shot for 2 hours, and lots of great stuff was left on the cutting room floor. The discussion on higher paying retailers such as Costco and Trader Joes versus Walmart was actually interesting, and Samantha was really funny in that section. I guess if I wanted more screen time, I should have spoken about retarded people deserving to earn less than minimum wage (watch the video to understand).
Samantha Bee explores the devastating economic effects of raising the minimum wage to the poverty level.
(04:59) January 28, 2014