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
... See moreAmerica cannot redistribute its way to prosperity. Aggressively raising taxes on the wealthy by 1.5% of GDP ($5 trillion over the decade) and redistributing those funds equally to every American would provide just $1,500 per person annually. Certainly helpful, but no substitute for the rising incomes produced by strong economic growth.
Thus, revenue
Forty-five percent should be work. To be slightly hyperbolic, the alarming wealth inequality statistics are an indication of vast skill differences in people’s ability to create value; most of us are producing infinitesimal amounts of value for the world. If we truly care about being productive—creating wealth in the world—we need to figure out how... See more
When unemployment is low, that means the supply of labor is low relative to the demand, and so the price of labor—wages—will tend to rise.