Published Articles

The real European crisis is human. New graduates can’t find jobs. Qualified young professionals are working in bars and restaurants. And many of Europe’s most capable, most entrepreneurial youth are simply moving overseas in search of better opportunities. READ MORE

January 5, 2012

How do we get big firms to hire? We regulate them. Americans used to take it for granted that big firms should be regulated, just as they now take it for granted that big firms should be left alone. READ MORE

January 3, 2012

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