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Category Archives: Economics
TPP to Piketty – The Slow War
Trans Pacific Partnership, Retirement Security, and Piketty income inequality are backdrop to slow but very real warfare. The TPP issue is not an isolated topic but part of deep background to an unspoken but real efforts to change the structure … Continue reading
Posted in Economics
Tagged Danial Wasserman, Dean Baker, Dionne Searcey, Emmanual Saez, exchange rate, free trade, income inequality, Inverstor State Dispute Settlement, ISDS, James Surowiecki, Median wage, Michael Wasielewski, renminbi, Rich Peoples Rules, Robert Gebeloff, Slow Revolution, Thomas Piketty, TPP, Trans Pacific Partnership, yen
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Saving Production Rules
If California can do it for chicken eggs, why can’t we do it for all goods sold in America? The Oct 4 print copy of the New York Times Business section has the report (on-line) on the recent United States … Continue reading
Gini Index demonstrates Saez-Piketty Inequality
The Gini index demonstrates Saez-Piketty trends. These two very different markers show that inequality is increasing. The trend line for the Gini index (Gini) is well correlated with the trend line from Saez-Piketty Inequality (SPI) studies, although these two ways … Continue reading
Business Startups and Inequality
FiveThirtyEight posted on the decline of startups. Who would have thought of Saez-Piketty inequality? New information shows that startup businesses in the U.S. have been following a declining trend since 1977. This was posted by Ben Casselman, chief economics … Continue reading
The Tuition Addition
Education debt soars with rising college tuition and correlated Piketty inequality, causing loss of opportunity in America Want a good job? Though experts say get an advanced degree, tuition costs continuously rise while salaries continuously drop. If you agree to … Continue reading
Piketty Under Attack
Piketty is under attack by the Far Right. They argue the data , or imply he is a hidden Communist. Thomas Piketty published the English translation of his Capital in the Twenty First Century (C21) and pulled his massive open … Continue reading
Piketty discovers America or vice versa
Piketty describes the growth of U.S. and World inequality with unique large data resource. Our review of Capital In The 21st Century The French economist Thomas Piketty published the French edition of his new book Capital In The Twenty-First Century … Continue reading
David Brooks and The Inequality Problem problem
Brooks: Minimum Wage – not a problem, Income Inequality – what a sham! The Poor just gotta try harder! David Brooks published the Op Ed essay “The Inequality Problem” in the New York Times (Jan 17, 2014). His views are … Continue reading
Posted in Economics
Tagged David Brooks, income inequality, inequality, minimum wage, Saez and Piketty, zero sum game
2 Comments
Minimum Wage – Poverty Level Wage – Unemployment – inequality
The Minimum Wage, Poverty Level Wage, and Unemployment Employment rates are part of the complex of forces driving American inequality. Minimum wage is in the news because in many localities the current $7.25 seems too low. Should there be a … Continue reading
Posted in Economics
Tagged Employment rate, income inequality, minimum wage, poverty level wage, Unemployment rate
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Can we stop using slave labor?
Bangladesh disasters highlight – humans should not be treated as throwaway machines. Can we do something about this? Reports say that U.S. retail companies who traffic in cheap commodities from Bangladesh have refused to help the families of the nearly … Continue reading
Posted in Economics
Tagged Bangladesh, Dov Charney, garment workers, Paul Krugman, Rana Plaza collapse, Right-tariff, Slave users, Steven Greenhouse, Tazreen fire
2 Comments
Inequality, Luddites and Paul Krugman
How can we maintain social stability when the highly educated are as likely as the poorly educated to become obsolete by disruptive technology? Paul Krugman published his 2013 Jun 14 OpEd Essay Sympathy For The Luddites in the New York Times. It is … Continue reading
Posted in Economics
Tagged education debt, inequality, Luddites, new york times, Paul Krugman
3 Comments
Greg Mankiw and the real Middle-Class
An article by N. Gregory Mankiw in the New York Times’ Sunday Business section (2012 Dec 30 paper) attempts to compare the current tax paid by the “top” 1% of the workers, that fraction who earn the most income (the … Continue reading
Income Inequality and Fusion Energy Research
America’s move to high inequality is correlated to its retreat from technical innovation. Joseph E Stiglitz’ essay in the 2012 Oct 26 CampaignStops blog of the New York Times is quite instructive. We outline his thinking, then move onward … Continue reading
Offshoring – We’re All Brain Surgeons Now
Train the Boyz in the ‘hood as Brain Surgeons so they get jobs when all that offshoring is over – sort of per Alan S. Blinder Offshoring has been in the news for over 20 years, now. We just came across … Continue reading
Posted in Economics
Tagged Alan Blinder, Bill Clinton, Diane Rhem, Jeff Faux, Larry Summers, Mitt Romney, Neo Liberal, offshoring, Paul Ryan, The Servant Economy, Tom Friedman
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Offshoring and Outsourcing are good — Brooks
“Offshoring and outsourcing has been good for American productivity.” So says New York Times David Brooks, in his 2012 Jul 16 essay (published Tuesday, Jul 17, in the NYT Op-Ed section). This is in direct confrontation to Paul Krugman’s July … Continue reading
Posted in Economics
Tagged David Brooks, economy, Keynsian economics, new york times, offshoring, outsourcing, Paul Krugman
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Outsourcing and Offshoring Help The Income Pump
Krugman points out 2 ways to transfer income upwards – outsourcing and offshoring The process I call The Income Pump switched on in the 1981-82 time frame. Not sure what are all mechanical parts making up that pump, but it … Continue reading
Posted in Economics
Tagged income inequality, Income Pump, Krugman, offshoring, outsourcing, Saez
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The Conard justification – Income inequality
Conard’s upcoming book justifies uninterrupted income grab by the people who caused the mess. Edward Conard’s soon-to-be-released book is Unintended Consequences, Why Everything You’ve Been Told About The Economy Is Wrong . The New York Times devoted many pages to Conard … Continue reading
Posted in Economics
Tagged Adam Davidson, Edward Conard, income inequality, new york times, Unintended Consequences
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The American Income Pump matters to us
The Income Pump that started in 1981 has had huge impact on American Society, and not good. Our Page, The American Income Pump, summarizes a strange process that started about 1980 or 1981 and has continued through today. Consider all … Continue reading
Records of Inequality – Footprints in the sand 1
George Orwell missed by 4 years. Massive social changes have happened over the last 30 years. Our hugely powerful American society strongly differs from what it was then. This is the first of a series that will look at some … Continue reading
Posted in Economics
Tagged 30 year trends, Emmanual Saez, income inequality, new york times, Robert Reich, workforce evaluations
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