Economy

The way capitalist market institutions distribute the national income is hostile to child-rearing. This is so for at least two reasons. First, adding a child to your family increases the amount of income your family needs, including the amount it needs to be above poverty. But capitalist...
06/10/2014
Blog
President Obama is expected to announce this afternoon an Executive Order that would extend the protections of Income-Based Repayment (or more specifically, Pay As You Earn) to student borrowers who took out loans before 2007 or stopped borrowing by 2011. In recent years, Pay As You Earn (PAYE) and...
06/09/2014
Blog
Income and wealth disparity has emerged as a critical economic and political issue for the US. At its core, it is a discussion of how we measure whether the economy is increasing or decreasing the well-being of Americans as a whole. Traditional measures like GDP growth, the stock market and even...
06/06/2014
Blog
Proxy season is the magical time of year when shareholders cast their votes on corporate governance. Since 2011, the ‘Say on Pay’ provision of Dodd-Frank ensured those votes would include an up-or-down non-binding voice in executive compensation packages. If that sounds toothless, well, hardly...
06/06/2014
Blog
I wrote a piece at Salon detailing the way in which the reform conservative's tax plan sells out poor parents. The short of it is that Mike Lee's child tax credits and personal exemptions operate so as to provide far more child benefits to richer parents than to poorer parents. I've made this point...
05/28/2014
Blog
David Leonhardt’s post on whether “College Is Worth It” on The Upshot this week was the most widely emailed story at the New York Times earlier today—a sign that the public is very antsy about the costs and benefits of higher education. Leonhardt’s conclusion, based on new research from...
05/28/2014
Blog
No matter how many conversations we have about America’s past, there’s always some sort of obligatory outrage whenever America’s dark history is synthesized, criticized and laid out before mainstream audiences without any filters. For some of us, the stories of America’s past are nothing new, but...
05/23/2014
Blog
Earlier this year, President Obama exercised his direct authority by signing an Executive Order to raise the wages of federally contracted employees to at least $10.10 an hour. This move is essential to the wage fairness movement, as Demos has articulated extensively. However, as important as this...
05/22/2014
Blog
It’s graduation season, which means we’re being treated to a few time-tested media traditions for today’s wide-eyed graduates: Grievances about commencement speakers, predictions of doom over the massive amount of debt students are taking on, tales of hyper-competitive parents doing anything to get...
05/22/2014
Blog
At first, the University of Chicago economist didn’t think credit card regulation could possibly work.  “I went into the project with this sort of conventional wisdom that well-intentioned regulators would force down fees and that other fees and charges would increase in response,” explained...
05/21/2014
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