Can the American Dream be Measured? Challenge Accepted!
Can you quantify the American Dream? I tried, and didn’t exactly love what I found. Continue reading Can the American Dream be Measured? Challenge Accepted!
Category: Stylized Fact #1 — Falling Middle
Who Won the Race Between Wages and Inflation?
Inflation was a big topic in 2021. But how damaging inflation is to workers depends on a race between it and wages. Continue reading Who Won the Race Between Wages and Inflation?
Elasticity: It’s for More than Just Socks
You’d think food delivery drivers would see huge increases in earnings during the pandemic, as demand increased. But, you’d be wrong. Why? Elasticity. Continue reading Elasticity: It’s for More than Just Socks
Is Nomadland that Common?
Nomadland made waves for its depiction of older Americans in unstable economic circumstances. The truth is: it’s not that uncommon. Continue reading Is Nomadland that Common?
A New Dimension: Time Inequality
Over the last 40 years, inequality in wages has risen. But, money isn’t everything. Enjoying your time matters too. And, time inequality may be rising. Continue reading A New Dimension: Time Inequality
More Worker Quits? It’s a Good Thing.
The phrase “I Quit” has a negative connotation. But, maybe it shouldn’t. After all, for many workers it’s their best bargaining chip. Continue reading More Worker Quits? It’s a Good Thing.
Targeting Student Loan Forgiveness
Student loan forgiveness is probably a good idea. But, if not done carefully, it could benefit households already doing pretty well. Continue reading Targeting Student Loan Forgiveness
The Postal Service has also Delivered Good Jobs
The postal service is a source of good jobs for men without any college education. But, it’s shrinking and under fire. Continue reading The Postal Service has also Delivered Good Jobs
You’ve Been Screwed by Inequality Too.
We’d like to think that when our economy grows, that we all see that growth. But, that isn’t what’s happening. Continue reading You’ve Been Screwed by Inequality Too.
Have COVID Heroes’ Incomes Soared Like Superman?
We call them heroes…and they are. But their wages are planted firmly on the ground. Continue reading Have COVID Heroes’ Incomes Soared Like Superman?