Economy

Ron Haskins, whom the Brookings Institution confusingly lists as an expert, has a piece over there from earlier this week titled The War On Poverty: What Went Wrong? The piece is so statistically incoherent that it is really hard to understand why he is given any such platform to begin...
11/22/2013
Blog
Yesterday I wrote about what a basic income actually costs. The takeaway point was that the important costs involved in transfer programs are the second-order effects on labor supply. Taxing can reduce labor supply and paying out transfer incomes can reduce labor supply. Those are the real economic...
11/14/2013
Blog
Jennifer Graham wrote a viral piece in the Boston Globe titled “A generation of idle trophy kids.” The basic idea of the piece is that the youth are really lazy these days and this explains their weak labor force attachment. Judging from her personal website, it’s clear she has no...
11/06/2013
Blog
Earlier today, I posted about the racial wealth gap using figures I derived from the 2010 Survey of Consumer Finances. One of the highlights is that whites hold 88.4 percent of the nation's wealth. White share of the nation's wealth is 31 percent higher than its share of the nation's population....
11/05/2013
Blog
Discussion is growing of an empathy gap rooted in our society's dramatic increase in inequality. As David Madland argues in Democracy, "Studies across U.S. states, of the United States over time, and across countries all find that societies with a strong middle class and low levels of inequality...
10/25/2013
Blog
Dunkin Donuts is getting a sweet deal. The company enjoyed $108.3 million in profits last year and compensated its CEO, Nigel Travis, to the tune of $1.9 million. Meanwhile, the public paid an estimated $274 million to feed, provide medical care, and subsidize the wages of their workforce. And...
10/15/2013
Blog
A growing number of experts are arguing that the era of fast economic growth is over, at least for wealthy countries like the United States. If that's true, what does it mean for progressive politics? I'll get to that question in a minute. But first consider the recent obituary for prosperity that...
10/15/2013
Blog
The CFPB released a report this week that should serve as a reminder of what a functional Congress could accomplish. The report highlights the ways in which the 2009 Credit CARD Act has succeeded. Their findings: Late fees must be be reasonable and proportional to the violation of account terms,...
10/04/2013
Blog
Demos applauds the release of a Consumer Financial Protection Bureau (CFPB) report that underscored the continuing success of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act). The CFPB found that, as a result of the Act: Late fees must be be reasonable and...
10/03/2013
Press Release
I made this basic income calculator just to see what a basic income of varying levels would do to the official poverty rate. For those not familiar, a basic income is a universal cash income that every person gets from the government every year. For these purposes, children also receive the basic...
10/03/2013
Blog
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