Doing the Minimum | No Mercy / No Malice
raising the minimum wage, expanding early childhood education, capping executive pay, strengthening unions, and increasing paid parental leave.
Keith Payne • The Broken Ladder: How Inequality Changes the Way We Think, Live and Die
You can see the rate of growth of per capita median income slows down around 1973, which I take as the end of the era of low-hanging fruit. As an approximation, if median income had continued to grow at its earlier postwar rate, the median family income today would be over $90,000.
Tyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
As for boosting growth, my number one recommendation would be much more high-skilled immigration. And then more low-skilled immigration to take care of their kids and help run their errands... I also would deregulate most of the American economy, starting with occupational licensing. I would however keep air pollution and climate change regulations... See more
Noah Smith • Interview: Tyler Cowen, economist and public intellectual
Productivity per man hour went up mostly because the number of man hours went down. “Discovering who isn’t producing very much and firing them” has been the biggest productivity gain in the last few years. That’s good for some capitalists and consumers, but again compare it to the widely distributed productivity gains of the early part of the twent
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