HT: fee.org
The Fabian economics of the minimum wage
25 Feb 2015 Leave a comment
in history of economic thought, labour economics, minimum wage Tags: eugenics, Fabian Society, Sydney Webb
HT: fee.org
Richard Posner on libertarian scepticism about law as an engine of women’s liberation
25 Feb 2015 Leave a comment
The power of the asymmetric marriage premium
25 Feb 2015 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice Tags: asymmetric marriage premium, gender wage gap
What’s the skinny on wage stagnation?
23 Feb 2015 Leave a comment
in human capital, labour economics, labour supply, poverty and inequality Tags: middle-class wage stagnation, top 1%
How are women doing in the US when it comes to political & business leadership positions
23 Feb 2015 Leave a comment
in discrimination, economic history, economics of marriage, gender, labour economics, law and economics, occupational choice, politics - USA Tags: engines of liberation, gender wage gap
When fighting child poverty, don’t mention housing costs
22 Feb 2015 Leave a comment
in labour economics, liberalism, politics - New Zealand, poverty and inequality, urban economics, welfare reform Tags: child poverty, housing affordability, land supply, Left-wing hypocrisy, RMA, zoning
The Great Enrichment since 1979 in the USA
22 Feb 2015 Leave a comment
in income redistribution, politics - USA, poverty and inequality, welfare reform Tags: capitalism and freedom, poverty and inequality, The Great Enrichment, top 1%
Over the past one-, two-, and three-decade periods, both middle class and poor households have experienced noticeable gains in living standards. Their gains are slower than those experienced by middle-income families in the earlier post-war era, but the gains are well above zero.
In 1980, in-kind benefits and employer and government spending on health insurance accounted for just 6% of the after-tax incomes of households in the middle one-fifth of the distribution. By 2010 these in-kind income sources represented 17% of middle class households’ after-tax income
…The broadest and most accurate measures of household income are published by the CBO. CBO’s newest estimates confirm the long-term trend toward greater inequality, driven mainly by turbo-charged gains in market income at the very top of the distribution. The market incomes of the top 1% are extraordinarily cyclical, however. They soar in economic expansions and plunge in recessions. Income changes since 2007 fit this pattern.
What many observers miss, however, is the success of the nation’s tax and transfer systems in protecting low- and middle-income Americans against the full effects of a depressed economy.
via Gary Burtless
Charts showing everyone is seriously richer after-taxes
19 Feb 2015 Leave a comment
in income redistribution, labour economics, poverty and inequality Tags: The Great Enrichment, top 1%
Everyone is 30-50% richer.
![Microsoft PowerPoint - Group C Federal Budget (KF).pptx [Read-Only]](https://utopiayouarestandinginit.com/wp-content/uploads/2015/02/0014_taxes-income-full.gif "Microsoft PowerPoint - Group C Federal Budget (KF).pptx [Read-Only]")
Ordinary Americans do not pay much in taxes.
Low income Americans receive large amounts of government transfers and increases their income by at least 50%
The middle-class is getting seriously smaller because more of them are getting richer
Recent Comments