Posts filed under “Wages & Income”
But Bad Government Policies Are Making Inequality Worse By the Day AP reported Tuesday: The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. *** “What you want is a broader spending base,” says Scott Brown, chief economist at Raymond James, a financial advisory firm….Read More
Yesterday, we looked at the benefit to McDonald’s of having its workers subsidized by state and federal aid. Today, its Wal-Mart’s turn. Recall our discussion last month on the related subject of “How McDonald’s and Wal-Mart Became Welfare Queens.” We learned that employees of these two companies are often the largest recipients of aid in…Read More
The delightful Catherine Mulbrandon, who spoke at the very first Big Picture Conference, shares these interesting ways of conceptualizing income distribution: click for ginormous graphics Incomes as a percentage of population Incomes above $50 Million (top 0.01%)
Last month, we discussed in this space McDonalds and Wal-Mart as America’s biggest welfare queens. As it turns out, both retail giants are the beneficiaries of a surprising amount of Federal aid: Their employee’s receive an inordinate amount of Medicaid, food stamps and other public assistance. This allows them to maintain very low wages, and…Read More
The Surprising Impact of High School Math on Job Market Outcomes Jon James Federal Reserve Bank of Cleveland 11.01.13 The economic returns to education are well documented. It is also well-known that college graduates with certain majors will earn more than others and find it easier to land a job. But surprisingly, the…Read More
Technology is advancing in leaps and bounds — and so is economic inequality, says writer Chrystia Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the global income gap. Freeland lays out three problems with plutocracy … and one glimmer of hope.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and much more.
Hat tip Panskeptic