10 Missteps Obama Made at Knox
President Obama’s economic hour-long speech at Knox College in Galesburg, Ill., on Wednesday was scary, not just for its statements, but for what some characterize as disregard of the rule of law.Obama...
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Income Inequality, Growth Go Together
Inequality is once again heading skyward. The latest estimates from economists Thomas Piketty and Emmanuel Saez show that last year, the richest 1% of Americans took home 19% of all income received....
View ArticleHas Income Inequality Really Risen?
Few serious scholars believe that middle class and poor households have seen the income growth experienced by the top in recent decades. Both the ubiquitous estimates from economists Thomas Piketty and...
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New York: 'A Tale of Two Cities?'
As a campaign strategy, dividing voters into groups of rich elites and exploited workers is neither original nor bold. But the central problem with Bill de Blasio’s “tale of two cities” is that it’s...
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The Rich Don't Care For the Poor? What a Laugh
This article is a response to Daniel Goleman's New York Time's article "Rich People Just Care Less."The old joke goes: "If you can't win on the merits of your argument, attack your opponent." Thus...
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The "Two Cities" Myth
As a campaign strategy, dividing voters into groups of rich elites and exploited workers is neither original nor bold. It has been tried frequently in recent years—most notably, by North Carolina...
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Scott Winship on Income Inequality
Is America growing more economically unequal? And if so, does it really matter? On this episode of Ricochet’s Money & Politics podcast, my guest is Scott Winship, a senior fellow at the Manhattan...
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Under the ACA, it Pays to Understate Income
The administration announced last summer that in 2014 it will not require income verification for applicants who apply for healthcare subsidies on state-run exchanges. Because of this, it is not...
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It's Good When Workers Quit
The Job Openings and Labor Turnover Survey (JOLTS) data for September were released this morning. While often underappreciated, JOLTS supplies critical data for evaluating the labor market’s...
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Meet The Man Who Wants To Help Paul Ryan Solve Poverty
Scott Winship is a senior fellow at the Manhattan Institute who specializes in income inequality and economic mobility. He, along with other conservative wonks, has been working with Rep. Paul Ryan...
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Minimum Wage Meets the Political Machine
When Dickens wrote in the 19th Century, characters such as Scrooge paid their employees next to nothing and gave little break for Christmas, and nothing at all for a Christmas bonus.American employers...
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Let's Make Job Creation Easier
Low-wage workers need more job opportunities, not a higher minimum wage. A minimum wage hike would harm employment opportunities of teens and low-skill workers. Fewer than 3 percent of American workers...
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e21 Asks: How to Create Jobs
In our most recent poll, we asked e21 readers, “What is the most effective way policymakers could stimulate job creation?” A plurality (37 percent) believed simplifying regulations should be the top...
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The Income Inequality Problem is Overblown
Ask almost anyone the most important economic facts about income distribution in America, and you are almost certain to hear that income distribution has worsened dramatically over the past generation...
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When it Pays Not to Work, People Stay Home
Paul Krugman, in his December 9 New York Times column, writes, “Ask yourself how, exactly, ending unemployment benefits would create more jobs.”No one is talking about ending unemployment benefits,...
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Minimum Wage vs. EITC
Advocates for raising the minimum wage often claim the rate’s real value has fallen since it was first implemented. University of California (Irvine) economics professor David Neumark, in the New York...
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e21 Asks: Is Inequality Rising?
Last week we asked readers if they thought economic inequality was rising and if an increase is problematic. The most popular response was “yes, and it is a problem,” which received 39 percent of...
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Many Women don’t Want to be CEO—And that’s OK
On the same day as General Motors picked Mary Barra as its first female chief executive, the Pew Research Center came out with a report entitled “On Pay Gap, Millenial Women Near Parity, For Now.”Have...
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The Case for Worrying About Inequality is Still Overstated
Ezra Klein is in trouble. In recent months, Klein has emerged as one of today’s most intellectually honest and independent-minded liberals, and last week he concluded that the evidence fails to support...
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The Myth of Increasing Income Inequality
INTRODUCTION AND SUMMARYPresident Obama has called income inequality the “defining challenge of our time,” reflecting the misguided assumption that income inequality in the U.S. has increased in recent...
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