Posts filed under “Wages & Income”

The Role of Total Hours Worked in Japan’s (Lack of) GDP Growth

Category: Economy, Think Tank, Wages & Income

Moral Hazard: Slumdogs vs. Millionaires

Some argue that income inequality isn’t systemic enough:

Slumdogs vs. Millionaires

(04:14)

Why some media lauds the end of unemployment insurance fraud, which is totally different from Wall Street fraud.

Slumdogs vs. Millionaires – Moral Hazard

(04:59)

January 9, 2014

Category: Humor, Video, Wages & Income

The Rise and Fall of Minimum Wage

Source: NY Times See also The Minimum We Can Do

Category: Economy, Employment, Wages & Income

2014 Minimum Wage Laws

From Bloomberg: The federal minimum wage was raised to $7.25 an hour in July 2009. Among the states, Washington has the highest minimum wage at $9.19, it rises to $9.32 on Jan 1, 2014. Georgia and Wyoming have the lowest minimum wage: $5.15, although in those cases, the federal minimum wage of $7.25 supersedes the…Read More

Category: Digital Media, Legal, Wages & Income

Mapping Poverty in America

Click for an interactive graphic. Source: NY Times   If you missed it over the weekend, Sunday’s New York Times had an amazing interactive graphic on where poverty is in the U.S. Over the past 50 years, the poverty rate in the nation has fallen from 19 percent to 15 percent in essentially two generations….Read More

Category: Economy, Research, Wages & Income

Category: Think Tank, Wages & Income

5 Richest Cities in the U.S.

Based on data from the U.S. Census Bureau, 24/7 Wall Street identified the U.S. metropolitan statistical areas with the highest median household incomes. Douglas McIntyre, 24/7 Wall Street editor-in-chief and CEO, joins Lunch Break.

Category: Video, 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

Category: Economy, Wages & Income

Always Low Wages? Wal-Mart’s Other Choices

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

Category: Earnings, Retail, Wages & Income

Visualizing Income Distribution

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%)

Category: Digital Media, Wages & Income