Tag Archives: unemployment

Wisconsin Governor’s Economic Plan Leads the State to Near Bottom of Economic Metrics

Posted on June 13, 2013 by Michael Morrison

Via Daily Kos: “The latest data from the Federal Reserve Bank of Philadelphia paints a poor picture for one of the GOP’s top 2016 presidential pretenders, Wisconsin Gov. Scott Walker. Not only is Wisconsin one of just five states whose … Continue reading →

Posted in Economy | Tagged austerity economics, economic contraction, economic indexes, economy, GOP, government, jobs, Republican, Scott Walker, unemployment, wages, Wisconsin | Leave a comment

The Evidence Suggests Lowering Marginal Top Tax Rates Does Not Spur Economic Growth

Posted on June 11, 2013 by Michael Morrison

Some very thoughtful and well-meaning people still believe lowering top marginal tax rates, often referred to as supply-side economics (or “trickle-down economics”), spurs economic growth. I present the following brief summary of economic research which debunks the myth. We will … Continue reading →

Posted in Economy, Government, Income Distribution, Inequality, Socio-economic Status, Taxes, Wealth | Tagged economic growth, economy, government, inequality, job creators, jobs, marginal rates, tax rates, top 1%, top 5%, unemployment | Leave a comment

Upbeat Report on the Economy

Posted on June 9, 2013 by Michael Morrison

For an upbeat report on the economy via the Daily Beast: “The economic news and data have turned distinctly upbeat. With unemployment down, consumer confidence up, and personal debt back to normal levels, it was no surprise when last week’s … Continue reading →

Posted in Economy, Government, Taxes | Tagged business investment, consumer confidence, consumer spending., corporate profits, economy, Federal Reserve, GDP, globalization, housing, personal debt, sequestration, taxes, unemployment | Leave a comment

The Shrinking Middle Class among Other Indicators of Economic Malaise

Posted on June 6, 2013 by Michael Morrison

The Huffington Post has completed a great analysis — summarizing the shrinking middle class among other indicators of economic malaise.

Posted in Economy, Income Distribution, Inequality, Poverty, Socio-economic Status, Wealth | Tagged great recession, inequality, jobs, middle class, poverty, recession, socio-economic status, unemployment, wages, wealth | Leave a comment

Study: Balanced Budget Amendment Equals Great Economic Damage

Posted on May 7, 2013 by Michael Morrison

What would happen if a balanced budget amendment (BBA) was passed and implemented? The Center on Budget and Policy Priorities quotes estimates from a Macroeconomic Advisers analysis: If the 2012 budget were balanced through spending cuts, those cuts would total … Continue reading →

Posted in Economy, Poverty, Taxes | Tagged austerity, balanced budget amendment, contractionary economics, deficit-reduction, economic growth, economy, expansionary austerity, fiscal constraint, fiscal policy, government, government spending, great recession, Keynes, Nobel economists, prosperity, unemployment | Leave a comment

Taxes Paid? How do the Feds Spend Your Money?

Posted on April 17, 2013 by Michael Morrison

Source: National Priorities

Posted in Economy, Government, Health, Higher Education, Science, Secondary Education, Taxes | Tagged agriculture, debt, education, energy, expenditures, government, health care, housing, interest, international affairs, military, science, taxes, transportation, unemployment, veterans | Leave a comment

High School Dropout Costs are High

Posted on April 7, 2013 by Michael Morrison

Dropouts cost taxpayers between $320 billion and $350 billion a year in lost wages, taxable income, health, welfare and incarceration costs, among others. Those who don’t finish will earn $200,000 less than those who do over their lifetime, and $1 … Continue reading →

Posted in Economy, Graduation Rates, Income Distribution, Inequality, Secondary Education, Socio-economic Status | Tagged dropouts, economy, educational attainment, fiscal burden, high school dropouts, income, income distribution, lifetime earnings, secondary education, taxpayers, unemployment | Leave a comment

Scariest Study I’ve Read for a Long Time: Demand for High Skill, High Cognitive Occupations Reverse Course

Posted on April 4, 2013 by Michael Morrison

If this study is correct it represents a major paradigm shift in our society. If the identified trends are long term in nature the implications are staggering. The Great Reversal in the Demand for Skill and Cognitive Tasks Abstract What explains … Continue reading →

Posted in Economy, Government, Higher Education, Income Distribution, Inequality, Mobility, Socio-economic Status | Tagged cognitive skills, de-skilling, demand, displacement, economy, high skills, higher education, occupations, paradigm shift, policy implications, technology, unemployment | 2 Comments

Veteran Unemployment Improves But Remains Unacceptably High

Posted on March 28, 2013 by Michael Morrison

From the Bureau of Labor Statistics, March 23, 2013, “The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001–a group referred to as Gulf War-era II veterans–declined by 2.2 … Continue reading →

Posted in Economy, Government | Tagged BLS, disability, economy, unemployment, veterans | Leave a comment

“Being Employed” and Its Association with Demographic Variables: A Logistic Regression Analysis

Posted on February 22, 2013 by Michael Morrison

Unemployment remains an American crisis for far too many Americans. What can we learn about the association of demographic factors with unemployment? Specifically, how are age, gender, martital status, race, socio-economic status and years of schooling related to being employed? … Continue reading →

Posted in Economy, Higher Education, Secondary Education | Tagged age, economy, educational attainment, employment, gender, logistic regression, marital status, race, socio-economic status, unemployment, years of schooling | Leave a comment