Tag: new gilded age

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More on the False Economy

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On May 22, 2019
Building on yesterday’s post about how despite the low unemployment numbers, people’s lived economy is basically terrible, Jacob Hacker has a very useful op-ed in the Times on the same issue. Even with unemployment at a 50-year low, the job market is failing to reach millions of potential workers. That’s because those who aren’t working […]

The False Economy

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On May 21, 2019

Yes, unemployment rates are low. There are jobs for most people who want them. But this has not really budged the national worry over income inequality and the widespread belief that the economy does

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Higher education in the 21st century, especially at elite institution, is basically a hedge fund operation, building up enormous endowments while not spending any of it on anything that doesn’t generate more profit. People have long said they want higher education run like a business and now it is. So you have this kind of […]
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America, How Ya Doing?

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On December 31, 2018
2018: What a year: The Centers for Disease Control and Prevention, for example, reported in November that life expectancy for the average American ticked downward for the third year in a row. The news attracted a storm of attention, given the record number of suicides and surging drug overdoses driving the trend — despite progress […]
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Republican Policy Preferences

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On November 1, 2018
Remember folks, Republicans hate you and don’t care if you live or die. Five days ahead of the midterm elections, President Donald Trump’s top economic adviser took to trashing the minimum wage. “My view is a federal minimum wage is a terrible idea ― terrible idea,” Larry Kudlow, director of the White House’s National Economic […]
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