Monthly Archives: August 2014

European Revolution du Jour

CNBC is reporting that the European Central Bank wants to do a hyper-caffinated version of Quantitative Easing similar to the U.S. to get their GDP up. In the U.S., Quantitative Easing has dealt a full body blow to labor, and … Continue reading

Posted in Economics, Labor, Political Economy | 1 Comment

Burgers, Coffee & Degree of Swedishness

The Burger King acquisition of Tim Horton’s is the biggest thing in the news since the GOP declared that free health care would turn the U.S. into Canada. My God, what would be next, turning into Socialist Sweden?! Consider this … Continue reading

Posted in Uncategorized | Leave a comment

Children of the Pie

The CDC is reporting that child births to unwed mothers is down for the first time in history. There’s no question that it’s a cultural shift, but could it be one driven by economic concerns? After all, the Great Recession brought … Continue reading

Posted in Demographics, Economics, Socioeconomics, Sociology | Leave a comment

A Bigger Piece of the Unemployment Pie

Running through some Labor data, I came across this: 40% of all the payouts for the last twenty years in unemployment benefits happened in the last 5 years – when the Great Recession “officially” ended. This isn’t even accounting for … Continue reading

Posted in Labor, Political Economy, Public Policy, Sociology, Wages | Leave a comment

An Argument For A Maximum Wage

Simon Wren-Lewis makes a good case for implementing a maximum wage. All the other points aside,, what Wren-Lewis is really talking about are price controls on labor. And that may not be a bad thing. Price controls typically create what’s … Continue reading

Posted in Economics, Labor, Political Economy, Public Policy, Wages | Leave a comment

The Assumption of Nothing

I’m currently working on a paper on the social costs of the Fed’s QE program, and there are many. However, in running my data, I came up with something that counters what the Wall Street Journal is saying about the … Continue reading

Posted in Economics, Labor, Statistics | Leave a comment

Credit Is Not Wealth: Median Income Death Spiral

The Sage Foundation at Stanford University published a report (PDF) that shows there is still this mantra among most Americans, Canadians (now) and banks that says that having credit is the same as having wealth. If 2007 taught us anything, credit … Continue reading

Posted in Economics, Labor, Poverty, Socioeconomics, Wages | Leave a comment