Assorted content to end your week. – Faiza Shaheen discusses the UK Cons’ attempts to paper over the harmful effects of austerity. And Amir FleischmannContinue reading
This and that for your Thursday reading. – Phillip Inman and Jill Treanor write about the debt time bomb facing UK households. Jim Edwards discussesContinue reading
This and that for your Thursday reading. – Sarah Anderson studies how corporate tax cuts enrich CEOs, but don’t do anything to help workers. AndContinue reading
Assorted content to start your week. – Paul Buchheit discusses the U.S.’ combination of increasing inequality, systematic tax evasion and false promises of social mobility.Continue reading
Miscellaneous material for your mid-week reading. – Colin Gordon discusses how contempt for democracy is one of the uniting principles of the right around theContinue reading
Assorted content to end your week. – Wanda Wyporska writes about the scandal of growing inequality and the separation of the ultra-rich from the restContinue reading
This and that for your Thursday reading. – Owen Jones discusses UK Labour’s true social democratic platform as a model for progressive parties around theContinue reading
Assorted content for your Friday reading. – Aditya Chakrabortty writes about the devastating combination of an urgent need for collective action on the key issuesContinue reading
Assorted content for your weekend reading.
– Brendan Duke examines the connection between wage growth and worker productivity, and makes the case that the former may lead to the latter:
The 1929–1950 increase in wages was at first a result of several policies that directly raised workers’ wages, including the first federal minimum wage, the first federal overtime law, and the National Labor Relations Act, which made it easier for workers to join a union and bargain with their employers. The entry of the United States into World War II further drove investment higher, as the economy converted into what Gordon describes as a “maximum production regime.”
It is striking that during this period of rapid productivity growth, wages for production workers grew even faster than productivity growth did. The current debate about whether a typical worker’s compensation has kept track with the economy’s productivity typically envisions productivity growth as the precondition for wage growth. But Gordon’s research implies that the relationship can go both ways: Not only can productivity growth raise wages, but higher real wages also can boost productivity growth—the main reason for slow gross domestic product growth—by giving firms a reason to purchase capital.
Can higher wages raise productivity growth in 2017? Basic economic theory and common sense suggests that an increase in the price of labor—wages—achieved through higher labor standards will cause firms to invest in more capital, raising the economy’s productivity.
– Guy Caron points out that international tax agreements which should serve to facilitate enforcement are instead allowing the greedy rich to evade meaningful taxes everywhere, while the Star argues that no corporation should be able to avoid social responsibilities through sweetheart tax deals. And James Wright warns of an impending deal on services which may tie the hands of governments seeking to work in the public interest more directly than any existing trade agreement.
– Finally, Michelle Chen comments on the gigantic ecological deficit being imposed on future generations through unchecked climate change, while David Roberts discusses the environmental devastation (and cleanup costs) which figure to be borne by the public as the coal industry ceases to be viable. And Brent Patterson highlights a noteworthy study on the lasting effects of the Husky oil spill in the North Saskatchewan River.Continue reading
Assorted content for your weekend reading.- Lana Payne discusses Jordan Brennan’s research showing that corporate tax cuts have done nothing to help economic growth (but all too much to exacerbate inequality). And Andrew Jackson sets out the main fisca…Continue reading
Miscellaneous material for your Remembrance Day reading. – Roderick Benns interviews Robin Boadway about the results of past basic income studies which have shown thatContinue reading
Assorted content to end your week. – Jessica McCormick and Jerry Dias respond to Stephen Poloz’ view that young workers should be happy to workContinue reading
Assorted content to end your week. – Jonathan Freedland discusses how the UK’s Conservative government is forcing its poor citizens to choose between food andContinue reading
This and that for your Tuesday reading. – Bill Tieleman tears into James Moore for his callous disregard for child hunger, while PressProgress reminds usContinue reading
Miscellaneous material for your mid-week reading. – Frances Russell finds that authoritarianism and bozo eruptions are two of the defining characteristics of right-wing politics inContinue reading
Assorted content to end your day. – Bloomberg reminds us of the nest egg Norway has built up by taking ownership of its own naturalContinue reading