economics

Nick Hanauer: Inequality is bad for the rich

Check out this quite compelling TED talk from Nick Hanauer, an entrepreneur, investor, capitalist, and self-described plutocrat. Hanauer is a billionaire, but makes the case that trickle-down economics and rising inequality are especially bad for the rich. One claim he makes: Some inequality is necessary for a high-functioning capitalist democracy. The problem is that inequality is at …

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How much do you need to make in LA to afford the average apartment?

Answer: $33/hour, at least And a home? According to a new report from KPCC: The median home price in Los Angeles is $570,500, according to the real estate website, Trulia.com. But consider that the median income in Los Angeles is about half that: $49,497, according to census numbers from 2009-2013. So it’s no surprise that Los Angeles …

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America’s Deficit and the Debt Ceiling

The United States–its citizens and lawmakers–need to pay careful attention to the effects of our near-term actions. The outcome of not raising the debt ceiling is uncertain–nobody really knows what will happen. But the press is ablaze with information:   The Economist does a nice job of summing up the status of government debt >> Link: America’s …

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Obstacles facing the European Union

NPR’s Morning Edition concluded a series on the European Union this morning with a fantastic overview of the challenges facing the future of the EU: financial, political, and–most importantly–cultural. I found Rob Gifford’s piece the most digestible, concise, and on-point summary of the issue I’ve heard in the media. >> Listen to piece, and read …

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On the cost of college

Though I do not agree with David Frum on many points, I believe his recent Marketplace commentary hits at an idea I have held for a while: that we as a society need to seriously reconsider the cost and value of higher education. I hope to have more on college and higher-ed in the weeks …

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A Tale of Two Gaps: Why we should really care about education and the labor market

An article in today’s Los Angeles Times proclaims: “Not since the 1970s have workers with bachelor’s degrees seen a prolonged slump in earnings during a time of economic growth. … According to U.S. Census Bureau figures, college graduates earned an average of $51,206 last year, whereas high school graduates earned $27,915 and those with no …

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