Published Articles

Had the minimum wage been indexed to per capita personal income growth starting in 1974, the minimum wage today would be $14.41 an hour. READ MORE

January 2, 2012

Where has all the growth of the last ten, twenty, forty years gone? It’s gone to the rich, super-rich, and ultra-rich. The wealthy 1% of the US income distribution have seen massive gains since 1973 – but especially since 1999. READ MORE

December 29, 2011

All Australian workers are entitled to benefits that are extended only to the richest Americans: parental leave, caregiver’s leave, extra vacation for shift workers etc. How does Australia do it? Most Australians bargain collectively with their employers instead of one on one. READ MORE

December 26, 2011

For the 22 million Americans who are either entirely unemployed or unable to find full-time employment, the situation has barely changed. The Realonomy has hit them the hardest. There are no jobs for them. READ MORE

December 26, 2011

We were all worried about the most affluent luxury customers. After all, sales growth at Tiffany’s has recently slowed to the low double-digits. Its stock has taken a beating. READ MORE

December 24, 2011

The greatest injustice in the entire tax code is the fact that the poor pay more while the rich pay less. Congress should stop playing politics with the payroll tax cut and make it permanent by extending Social Security taxes to everyone. READ MORE

December 20, 2011

Using the chained COLA idea to cut future Social Security benefits would have been an even bigger disaster than the supercommittee itself. On the day you retire, your Social Security benefits are fixed forever. READ MORE

December 19, 2011

No one wants to pay taxes. But when we have to choose between a tax break for those making over $110,100 a year or a tax increase for those making over $110,100 a year, the choice is clear. READ MORE

December 12, 2011