Category Archives: Economics

Obama, Overtime and Saez-Piketty

Obama’s new overtime rules will change business practice. What does they speak to: injustice, inequality or something else? The July 1, 2015 New York Times Business section carried an analysis by Noam Scheiber on proposed new Overtime rules, Obama Overtime … Continue reading

Posted in Economics | Tagged , , , , , , , , , , , | 1 Comment

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 , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Economics | Tagged , , , , , , | Leave a comment

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

Posted in Economics | Tagged , , , , , , | 3 Comments

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

Posted in Economics | Tagged , , , , , , , , , , | 2 Comments

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

Posted in Economics | Tagged , , , , , , , , , , , , | 2 Comments

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

Posted in Economics | Tagged , , , , , , , , , | 3 Comments

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

Posted in Economics | Tagged , , , , , , , , , , , , , , , , , | 2 Comments

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 , , , , , | 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 , , , , | Leave a comment

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 , , , , , , , , | 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 , , , , | 2 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

Posted in Economics | Tagged , , , , , , , | Leave a comment

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

Posted in Economics | Tagged , , , , , , , | Leave a comment

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 , , , , , , , , , , | Leave a comment

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 , , , , , , | Leave a comment

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 , , , , , | Leave a comment

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 , , , , | Leave a comment

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

Posted in Economics | Tagged , , | Leave a comment

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 , , , , , | Leave a comment