The inequality and growth debate is a red herring. It just doesn’t matter. The problem is inequality, and its solution is simple.
How can sales of super-luxury cars grow at super-fast rates during a recession? The answer is simple: it’s not a recession for everyone.
Greed is not good, and high inequality is making all of us greedier than we should, or could, be.
For the past forty years American men’s incomes have stagnated, but women’s wages have risen. Unfortunately, the years of catch-up are now over. We need policies to raise wages for everyone.
Economists will give you all sorts of answers based on technical factors, but in the end it all comes down to one word: inequality.
It’s not popular today to stand up for the poor, the homeless, the addicted, or the imprisoned. But progress means progress for everyone. There’s no such thing as progress for a few.
Would it be such a terrible thing if fast food workers got a twenty percent raise this year while executives took a pay cut? It’s not our economy that needs rethinking; it’s our ethics.
Federal workers have it hard enough without Congress playing politics with their paychecks and pensions.
When we see outrageous bonuses for federal workers in good times, it’ll be fair to freeze their pay in bad times.
Twenty million Americans need jobs. Government regulation and government employment are key to putting them back to work. We must reregulate the realonomy.