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Poverty, Inequality and the Minimum Wage
Poverty and income inequality are getting increasingly worse in the United States and need to be seriously addressed by our political system. In my last post on February 16, I presented data from...
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Poverty, Inequality and the Minimum Wage II. Cities Are Expensive!
Poverty and inequality are getting worse in the United States. The question is what to do about it. One proposal is to raise the minimum wage from its current value of $7.25 per hour to $10.10 per...
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Truth and Myth about Inequality
Two of my favorite columnists are the Brooking Institution’s William Galston, a social economist who has a weekly column in the Wall Street Journal and the economics journalist Robert Samuelson who...
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A Balanced and Sensible Anti-Poverty Program
The American Enterprise Institute’s Robert Doar recently testified before the U.S. Senate Committee on the Budget with ”Back to Work: How to improve the prospects of low-income Americans”. His...
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Let’s Raise Nebraska’s Minimum-Wage but Not the Whole Country’s
In his State of the Union address last January, President Obama proposed raising the national minimum wage to $10.10 per hour from its current level of $7.25 per hour. The Congressional Budget Office...
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A Rational Approach to a National Minimum Wage
In my last post I endorsed raising Nebraska’s minimum wage from $7.25/hour to $9.00/hour because Nebraska’s unemployment rate is only 3.6% and so a minimum wage boost is unlikely to put very many...
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Poverty and the Minimum Wage
Americans are a generous and kind-hearted people. We are more than willing to go to bat for the less fortunate among us. The question is how to do it effectively. A post six months ago, “A balanced...
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An Alternative Way to Boost the Wages of Low Income Workers
Several days ago I had a post entitled “A Rational Approach to a National Minimum Wage,” in which I expressed support for a national minimum wage level of somewhere between $8.00 and $9.00/hour...
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Are We Doing Enough to Help the Poor?
Income inequality in the U.S. is getting worse and one reason is that the middle class is being “hollowed out” by a lack of sufficient job opportunities. The result is more people at the bottom end...
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Inequality and Growth
In my opinion the two most serious problems facing the U.S. at the present time are 1) stagnant growth and 2) massive debt. As discussed by William Galston in yesterday’s Wall Street Journal, the...
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Should the National Minimum Wage Be Raised?
A recent column by David Brooks in the New York Times, “Minimum Wage Muddle,” is a good summary of the pros and cons of raising the minimum wage for the whole country. Mr. Brooks refers to a recent...
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Combating the Politics of Distrust
My last post, “The Politics of Distrust” presents the view that the main reason for the divisiveness of today’s politics is “the stubborn torpor of the American economy.” If this is true then the...
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