By Miranda Everitt and Philip Rocco — Read enough political journalism and you will likely be persuaded of a simple truth: public policy exists to serve economic ends. We grant tax deductions to encourage home ownership; we extend unemployment insurance to support consumer spending during a crisis. But there is more to … More >
As we approach the “Season of Giving,” when Americans are particularly inclined by the Christmas spirit – and also by the looming deadline for tax-deductible contributions – to share with the needy, we again consider the American way of helping the poor.
This time last year, I noted some of the peculiarities of … More >
It was fifty years ago the March on Washington for Jobs and Freedom took place. The demand for a higher minimum wage was part of a package of demands seeking economic justice for workers through government intervention in the labor market. At that time, the wage floor was $1.15 and … More >
The good news this Labor Day: Jobs are returning. The bad news this Labor Day: Most of them pay lousy wages and low if non-existent benefits.
The trend toward lousy wages began before the Great Recession. According to a new report from the Economic Policy Institute, weak wage growth between 2000 … More >
Suburban poverty is in the headlines again these weeks after the publication of Brookings researchers Elizabeth Kneebone and Alan Berube’s new book, Confronting Suburban Poverty in America, which augments previous empirical work with fascinating case studies. But with the suburban poverty rates hovering around 11 percent, relative to 21 percent … More >
By any economic measure, we are living in disappointing times. In the United States, 7.2% of the normal productive labor currently stands idle, while the employment gap in Europe is rising and due to exceed that of the US by the end of the year. So it is important to … More >
Today, Pope Benedict XVI announced that he will resign from his ministry at the end of the month, citing declining strength in his advanced age. His Papacy began in 2005 and many of his written messages reflect upon the global economic and financial crisis that characterized the world to which he ministered.
Most notably, his … More >