Economy

Last Thursday, while fast food workers walked out on strike across the US and around the world, another group of stakeholders in the industry was making a similarly direct statement about the way these companies do business. At Chipotle’s annual shareholders’ meeting, owners of 77 percent of the...
05/20/2014
Blog
Paul Tough has a piece in the New York Times regarding the differential rates at which college students from different class backgrounds make it to graduation. Graduation Rates Tough claims "about a quarter of college freshmen born into the bottom half of the income distribution will manage to...
05/18/2014
Blog
People will often refer to "welfare" as if it is this monolithic thing. You will hear them talk about how someone is "on welfare" or how we need to "cut welfare." Back in the day, this referred to the AFDC program, but it's not terribly clear what it refers to now. In that vein, I found myself...
05/09/2014
Blog
“No family should work full time and live in poverty.” That’s been President Obama’s rallying cry on the stump, persuasively arguing for an increase in the federal (and state) minimum wage. Yet on Friday, President Obama plans to visit a Walmart in Mountain View to celebrate their efforts to become...
05/08/2014
Blog
Consider someone who bought a house in July of 2007, right before the housing market came crumbling down. Knowing that there were rumblings about a “housing bubble,” and hearing disturbing reports of exploding adjustable-rate mortgages, this responsible homeowner took out a garden variety 30-year...
05/05/2014
Blog
David Leonhardt had a piece about inequality at the New York Times over the weekend. Although the overall message is correct (inequality is a policy choice), but the piece has a few problems, with the education parts the most significant of them. I. The problems in the piece start when...
05/05/2014
Blog
Today, Senate Republicans filibustered a proposal to gradually raise the minimum wage to $10.10 an hour. That filibuster may seem like a big surprise considering opinion polls—72 percent of the public are in favor of the proposal—but it makes a lot of sense when you consider who our...
04/30/2014
Blog
There’s been alarm raised recently over the decline in college enrollment over the past two years. Some have even gone so far as to argue that this decline is the result of masses of young people realizing that college “isn’t worth it”, even though the college wage premium—the gap between the...
04/29/2014
Blog
This week marks the two-year anniversary that student debt hit $1 trillion, and like any milestone anniversary, it’s worth taking some time to reflect on how we got here—and where we’re headed. Roughly, outstanding student debt sits at $1.2 trillion. For some perspective (and depending on which...
04/24/2014
Blog
McDonald’s is losing customers. In the first quarter of 2014 US sales fell 1.7 percent—and that’s after a “challenging” 2013 when the company struggled to keep consumers happy and workers repeatedly walked out on strike. After decades of dominating the fast food industry, something is going wrong...
04/23/2014
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