Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

January 28 2014

10:52

A New Report On American Economic Mobility

Inequality and mobility in America. We’ll look at the latest big report.

Maggie Barcellano helps her daughter, Zoe, 3, use a pepper grinder with dinner at Barcellano's father's house in Austin, Texas on Saturday, Jan. 25, 2014. Barcellano, who lives with her father, enrolled in the food stamps program to help save up for paramedic training while she works as a home health aide and raises her daughter. Working-age people now make up the majority in U.S. households that rely on food stamps, a switch from a few years ago when children and the elderly were the main recipients. (AP)

Maggie Barcellano helps her daughter, Zoe, 3, use a pepper grinder with dinner at Barcellano’s father’s house in Austin, Texas on Saturday, Jan. 25, 2014. Barcellano, who lives with her father, enrolled in the food stamps program to help save up for paramedic training while she works as a home health aide and raises her daughter. Working-age people now make up the majority in U.S. households that rely on food stamps, a switch from a few years ago when children and the elderly were the main recipients. (AP)

Guest

Nathan Hendren, professor of economics at Harvard University. Co-author of the recent studies, “Is the United States Still a Land of Opportunity? Recent Trends In Intergenerational Mobility?” and “Where is the Land of Opportunity? The Geography of Intergenerational Mobility In the United States.”

From Tom’s Reading List

Wall Street Journal: New Data Muddle Debate on Economic Mobility — “Politicians of both parties have asserted in recent months that it has become harder for a child from a low-income family to eventually be among the highest wage earners in the country. The parties also are blaming each other as they seek solutions. Democrats say Republicans are trying to dismantle safety-net programs that help the poor, and many Republicans say social-welfare programs are only making problems worse. President Barack Obama has called economic opportunity the defining challenge of our time and is expected to make it a focus of his State of the Union address this week.”

The Atlantic: Economists: Your Parents Are More Important Than Ever — “The income of your parents matters—not just as a strong predictor for your own income (given how weak social mobility is), but also as a nudge for your life path. The kids of rich parents are 80 percent more likely to attend college than those of low-income parents. Teenage daughters of the poorest parents are 37 percent more likely to have a child than girls born in the richest decile.”

New York Times: Raise the Minimum Wage to $12 an Hour – “A $12 minimum wage is hardly extreme or ridiculous. At the 1968 height of our post-war economic prosperity, the American minimum wage was over $10.50 in current dollars, and setting the rate at $12 today would represent a real rise of merely 11 percent over a 45-year period, which seems reasonable since worker productivity has grown by over 115 percent during the same period. ”

A Conservative Call For A Higher Minimum Wage

Ron Unz, chairman of The Higher Wages Alliance. Former publisher of The American Conservative. (@unzreview)

Tyler Cowen, chairman and general director of the Mercatus Center at George Mason University. Professor of economics and author of “Average is Over: Powering America Beyond the Age of Great Stagnation” and “An Economist Gets Lunch.” (@tylercowen)

December 03 2013

15:00

Poverty Wages In America

Solving America’s low wage conundrum. Looking for a way up and out of the poverty wage trap. Plus

Low-wage America is a big country, and it’s not an easy place to live.  The nation’s grown a lot richer over the decades, but retail wages have fallen by almost a third. America’s minimum wage, as a percent of average pay, is now the lowest of any OECD country but Mexico.  We all know the stories of McDonalds and WalMart workers on food stamps.  It can make you feel guilty just buying a burger.  But what to do about it?  There’s a new push on to raise the minimum wage, even if just locally.  And then what? This hour On Point:  America’s low wage crisis, and what to do about it.

– Tom Ashbrook

Guests

Reid Wilson, senior political policy blogger for The Washington Post. (@PostReid)

Jason Fichtner, senior research fellow at the Mercatus Center at George Mason University. (@JJFichtner)

David Cooper, economic analyst at the Economic Policy Institute. (@metaCoop)

Tiffany Beroid, 29-year-old married mother of two who works at a Wal-Mart in Laurel, MD.

From Tom’s Reading List

Washington Post: Push for minimum wage hike led by localities, Democrats — ‘Efforts in Congress to raise the national minimum wage above $7.25 an hour have stalled. But numerous local governments — including those of Montgomery and Prince George’s counties, and the District — are forging ahead, in some cases voting to dramatically increase the pay of low-wage workers. The efforts, while supported by many unions, threaten to create a patchwork of wage rates that could mean workers in some areas will be entitled to vastly less than those working similar jobs nearby. The campaigns reach from coast to coast.’

Bloomberg Businessweek: What a Higher Minimum Wage Does for Workers and the Economy – “Raising the minimum wage is neither as wonderful as its advocates claim nor as dangerous as its detractors warn. On the upside, it would increase pay for millions of Americans, not only those earning the minimum but also those at fixed increments above it. These are people who could really use a raise. Contrary to what generations of students were taught in freshman econ, new research finds that minimum-wage increases at the state level have caused little, if any, harm to employment. ‘Outside of the simple Econ 101-type environment, increasing workers’ pay can improve the functioning of the low-wage labor market,’ Arindrajit Dube, a University of Massachusetts economist, testified before Congress in March.”

America: Francis’ Multi-faceted Reflection – “As has been amply reported and commented upon, Francis sees the need for a more diverse and less centralized and clericalized Church. He dreams of a poor Church living a fundamental option for the poor. He also critiques an economic system in which profit prevails over persons, violating their dignity and legitimate aspirations. Pope Francis has derived important elements of this pastoral vision from the writings of his predecessors mentioned above, upon which he gratefully and extensively draws. However, the powerful and personal synthesis and program is unmistakably his own.”

Pope Francis’ Anti-Capitalist Creedo

Eric LymanRome-based freelance writer who covers the Vatican for USA Today and the Religion News Service. (@EricJLyman)

The Washington Post: Pope Francis lays out a blueprint for his papacy in ‘Evangelii Gaudium’ — “Francis blasted the ‘idolatry of money’ in the world financial system, which he called ‘an economy of exclusion and inequality.’ He also called on the church itself to work from the trenches: ‘I prefer a church which is bruised, hurting, and dirty because it has been out on the streets rather than a church which is unhealthy from being confirmed and from clinging to its own security.’”

Older posts are this way If this message doesn't go away, click anywhere on the page to continue loading posts.
Could not load more posts
Maybe Soup is currently being updated? I'll try again automatically in a few seconds...
Just a second, loading more posts...
You've reached the end.

Don't be the product, buy the product!

Schweinderl