On the surface, February’s jobs report would seem like “breaking news” on America’s TV screens. Continue reading About those new jobs in February’s jobs report | #Economy on Blog#42
Tag Archives: Wage
The Looming Fight To The Death On The #MinimumWage | #FightFor15 on Blog#42
The top three presidential candidates have stated their positions on the #FightFor15. Continue reading The Looming Fight To The Death On The #MinimumWage | #FightFor15 on Blog#42
Jared Bernstein analyses: #jobs, #pay, inflation, and the #TPP
I’m a bit behind on curating Jared Bernstein’s posts. I am merging three separate, but related, posts from the past week into one long blog. Continue reading Jared Bernstein analyses: #jobs, #pay, inflation, and the #TPP
Jared Bernstein: A deeper dive into the weeds of the CBO household income data
Jared Bernstein
Yesterday, I published a report by myself and Ben Spielberg analyzing the Congressional Budget Office’s comprehensive data series on household income. Here we dive a bit deeper into some of the weeds, expanding on some of our findings.
One motivation for our report was to correct the record of those who claim that the trend of increasing income inequality is significantly reduced when accounting for government taxes and transfers. In fact, as we show, between 1979 and 2011, inequality measured by the Gini coefficient rose 24% based solely on market outcomes and by 22% based on CBO’s comprehensive, post-tax and transfer income data.
Continue reading Jared Bernstein: A deeper dive into the weeds of the CBO household income data
Labor Supply and the Poor: Some Facts That Might (or Might Not) Surprise You | Jared Bernstein | On the Economy
It is way too common in this town to run into people who think that poor people are poor because they don’t work. Influential Congressman Paul Ryan has referred to safety net benefits as “a hammock” that create “poverty trap” and a culture of non-work, a rap as old as poverty itself. Various critics of poverty programs argue that their benefit structure dis-incentivizes work and are increasingly calling for more work requirements.
I needed to look into the numbers of working poor persons for a project I’m doing and I found the results kind of interesting (h/t: AS and DT). I suspect everyone brings different priors to this question, but some might be surprised by these results. Continue reading Labor Supply and the Poor: Some Facts That Might (or Might Not) Surprise You | Jared Bernstein | On the Economy