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Employment

Steven Rattner’s Missing Case for Reducing Inequality

Since Americans are less likely than Europeans to worry about inequality, it should come as no surprise that we redistribute less than in continental Europe. Rattner does not like that we distribute less than he would prefer and that our taxation levels—as progressive as in Europe—are lower than he wants. But the public does not share his preferences, and he has given them no reason to reconsider their views. 

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Obama's War On Working Women

The 114th Congress should prevent the Labor Department from raising the wage ceiling on required overtime pay. Instead, it should help women by passing the Working Families Flexibility Act and sending it to the president's desk for his signature.

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Governors-Elect: Lower Tax Rates and Simplify the Code

Maryland and Massachusetts both have lower GDP growth and higher unemployment rates than the U.S. average. Voters in both states elected Republican governors who ran on platforms of economic growth. Can Massachusetts governor-elect Charlie Baker and Maryland governor-elect Larry Hogan deliver?

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World leaders, ignore Obama and do these five things instead

World leaders, beware: President Obama’s political loss last week is not preventing him from proffering economic advice on his travels to China and Australia this week. Rather than following Obama down the garden path to irrelevance, here are five ideas that foreign leaders could use to revive their economies.

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The Modern Welfare State’s False Allure

The modern welfare state uses its tax revenue to finance a redistribution of income and wealth. The beneficiaries of this redistribution have ample reason to vote for more of the same, thus maintaining and often extending the social-welfare state. At the same time, however, the high tax rates imposed to fund this redistribution result in slower economic growth. 

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How the "Party of No" Gets to "Yes, Please, and Thank You"

If Republicans want to parlay their two-year control of Congress into a successful White House bid, they will have to do something positive and, more importantly, improve their image.

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Income Inequality Is Good For The Poor

A comparison of global data shows that developed countries with more income inequality have higher standards of living for the poor and middle class.

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The Simple Economics of Income Inequality

The real danger from focusing on inequality is that it leads to a static view of the economy. The only way to benefit people in the long run is to focus on economic growth, and paying attention to inequality leads us in exactly the wrong direction. 

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Minimum Wage on the Election Day Ballot

In addition to casting ballots for candidates today, voters in Alaska, Arkansas, Nebraska, South Dakota, and Illinois will vote on initiatives to raise their states’ minimum wages. Though there are high levels of popular support for raising the minimum wage in these states, the effects of doing so vary depending on local labor market and cost of living characteristics.

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Citywide Minimum Wage Hikes Do More Harm than Good

Citywide minimum wages are fundamentally different from federal or statewide minimum wages because of the ability of businesses to move across city borders. Also, If your goal is to improve the lives of working families, a citywide minimum wage doesn’t solve that problem.

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