The CBO has just released a report saying that a $10.10 minimum wage would eliminate 500 thousand jobs. It also found that the wage increase would be precisely targeted at poverty.
Something strange is happening in England: citizens are drinking less. What we’re seeing is a broadly re-moralized upper class and an increasingly Dickensian lower class, crushed by poverty, family breakdown, and drug/alcohol use.
A new study has found that US social mobility isn’t declining. But there’s a catch: for the last fifty years social mobility in the land of the American dream has been consistently lower than in other countries. We desperately need a smart national conversation about poverty, inequality, and mobility; much of this is going to involve demolishing simplistic shibboleths on both sides of the political divide.
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We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.