Where has all the surplus gone? As in 2010, a good chunk of it has gone to pay Chief Executive Officers of major U.S. companies. According to a new Associated Press study, the head of a typical public company in United States made $9.6 million in 2011. This figure was up more than 6 percent [...]
Posts Tagged ‘corporations’
Where has all the surplus gone?
Posted: 27 May 2012 in UncategorizedTags: CEOs, class, corporations, inequality, pay, United States, workers
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Cartoon of the day
Posted: 22 May 2012 in UncategorizedTags: banks, cartoon, corporations, election, invisible hand, JPMorganChase, Obama, Romney, unemployment, United States
Special mention
Why I won’t be giving a TED talk anytime soon
Posted: 18 May 2012 in UncategorizedTags: corporations, economics, inequality, rich, taxes, unemployment, United States
I won’t be giving a TED talk anytime soon. Not that I’ve been invited. Or ever expect to be invited. But Nick Hanauer [ht: sm] was, and the TED folks decided his talk was too controversial to post. Here’s a link to the text of his talk. Since 1980 the share of income for [...]
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Cartoon of the day
Posted: 17 May 2012 in UncategorizedTags: banks, cartoon, corporations, history, JPMorganChase, LGBTQ, military-industrial complex, rich
Special mention
Chart of the day
Posted: 4 May 2012 in UncategorizedTags: chart, corporations, inequality, profits, United States
source Yes, that’s right: CEO pay is not 209 percent of but 209 times the average worker’s pay.
Surplus-seeking behavior
Posted: 2 May 2012 in UncategorizedTags: class, corporations, inequality, profits, rich, surplus
As it turns out, the members of the surplus-seeking class, aka the “job creators,” really don’t say anything different away from the cameras compared to their public pronouncements. In both cases, “They typically repeat platitudes about investment, risk-taking and job creation with the veiled contempt that the nation doesn’t understand their contribution.” That’s what Adam [...]
Cartoon of the day
Posted: 1 May 2012 in UncategorizedTags: cartoon, corporations, debt, politics, poverty, Republicans, students, taxes, United States
Special mention
Tales from the new corporate university
Posted: 30 April 2012 in UncategorizedTags: academy, corporations
It’s hard to keep up with the examples of the selling of education in the new corporate university. Here are two recent ones. The first is from West Virginia University, which according to John David [ht: db] has sold its economics department to the Koch brothers. When I arrived at WVU to study economics, it [...]
Searching for idleness
Posted: 30 April 2012 in UncategorizedTags: capitalism, corporations, profits, unemployment
I don’t know whether a “significant number of American voters seem to believe that the unemployed don’t really want jobs because they would prefer to live off unemployment insurance or other social benefits.” But I do know that that’s how Casey Mulligan and a significant number of neoclassical economists see the world. Nancy Folbre clearly [...]
