Executive pay has outgrown wages over the last three decades. One reason: the tendency for the number of stock options to stay at rest from year to year. Continue reading Why has Executive Pay Grown by so Ridiculously Much? Inertia Doesn’t Help.
Quarterback Matthew Stafford went from having zero playoff wins to being a Super Bowl Champion. Circumstances matter. Continue reading What can the 2022 Super Bowl Teach us about the Importance of Circumstances?
Job openings are high and unemployment is low. With inflation looming, this tight labor market better fuel wage growth. Continue reading It Must Workout, because the U.S. Labor Market is Tight
Fighting inflation is an important duty of the Federal Reserve. But, the pain of that fight is far from equal. Continue reading The Unequal Price of Fighting Inflation
Affirmative Action is under legal threat. What does it do, and how should we think about its future? Continue reading Why I Worry about an Affirmative Action Ban
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?
This holiday season give a gift that money can’t buy. Financial Security. Continue reading Give the Gift of Financial Security this Holiday Season
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
The debate over family policy is raging. Paid leave or Pre-K? I think there’s a clear winner. Continue reading Which Family Policy is Good for Women’s Wages?
2020 was heartbreaking. And, when it wasn’t, it was weird. Sadly, inequality kept going on. Just like normal. Continue reading 2020 Was Normal in One Bad Way