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Tag Archives: wages
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Many Cable-TV pundits are commenting on the effects of Right to Work laws on state and country economic outcomes. Unfortunately few have done their homework to examine what scholarly research finds. Stevans (2009) offers a sophisticated study of the effects … Continue reading
Here are the top 20 largest self-employed occupations and the top ‘in-demand’ occupations for the self-employed. Many of the 20 largest self-employed occupations are relatively low-paying occupations. Make sure you take a look at the ‘in-demand’ occupations for the self-employed following the … Continue reading
“We estimate that moving from the 20th to 80th percentile of the high-school popularity distribution yields a 10% wage premium nearly 40 years later.” Reference Conti, Gabriella, Galeotti, Andrea, Mueller,Gerrit, & Pudney, Stephen. (2102). Popularity. National Bureau of Economic Research. NBER Working Paper No. 18475.
A new analysis by David Berliner argues the best way to improve educational outcomes is to provide opportunities for students’ families to earn liveable wages. While I think he’s got most of it right, one cannot deny the need for … Continue reading
We wonder why so many people escape federal income taxes with a wage distribution that is skewed toward the low wage end? See the related post, One Major Reason the Poor Pay No Federal Income Tax: The Earned Income Tax Credit. Related … Continue reading
Numerous scholars have identified various factors associated with growing levels of income inequality. This is a summary of some, not all, of the more prevalent evidence-based studies. Stock Market, Rise of Financial Sector and Finance Driven Technology Boom. Galbraith (2012) places a … Continue reading
Why are so many employed Americans struggling economically? One key reason is found in this FRED graph I created, depicting wages as a percent of the economy (GDP). Simply put, the American worker’s share of economic growth — as measured … Continue reading
Supply-side economics, often referred to as trickle-down economics, asserts among other things that tax cuts for the wealthy will increase aggregate investment, spurring economic growth with concomitant job creation. Over three decades of empirical evidence suggests this theory doesn’t work. … Continue reading