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Employment

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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The Economics and Politics of Good Leaders

“Do well by doing good.” So goes the business mantra. But what does it mean? And why do even well intentioned leaders have a hard time fulfilling this popular ambition? 

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Inequality Does Not Reduce Prosperity

Since the Great Recession, inequality has loomed large in policy debates in the United States and around the world. Losses from the recession and the slow pace of recovery since have fueled concerns that inequality is not simply unfair but harmful. 

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New NBER Study Shows Negative Effects of Higher Minimum Wage

For years, Neumark has battled claims by other economists, such as University of Massachusetts professor Arindrajit Dube, that minimum wage hikes have no effect on employment. This latest paper offers more evidence that employment prospects for teenagers are diminished most by the minimum wage.

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'Anti-Tesla Bill' Means Economic Loss for Michigan

Against the interests of Michiganders, Governor Rick Snyder has signed a bill banning Tesla Motor’s direct-to-consumer automobile sales in the state.

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Has Inequality Driven a Wedge Between Productivity and Compensation Growth?

The charts used to demonstrate the supposed breakdown obscure the reality that productivity and hourly compensation continue to track each other. There are six rules for getting this depiction correct.

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5 reasons Janet Yellen shouldn’t focus on income inequality

Since 1970, income inequality has increased for a number of reasons that should not concern Janet Yellen.

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