Cartoon of the day

Special mention

Cartoon of the day

Special mention

Chart of the day

source Yes, that’s right: CEO pay is not 209 percent of but 209 times the average worker’s pay.

Cartoon of the day

Special mention

Surplus-seeking behavior

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 [...]

Where has all the surplus gone?

Ever wonder where all the surplus went? Now, thanks to the Los Angeles Times, we know at least part of the story. Prior to declaring bankruptcy on 15 September 2008, Lehman Brothers had awarded nearly $700 million to 50 of its highest-paid employees. Here are two of the millions of pages of documents, which show [...]

Searching for idleness

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 [...]

Cartoon of the day

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-1 is the ugliest number

Before you start humming the tune. . . The reason -1 is the ugliest number is that’s the amount median weekly earnings (in constant 1982-84 dollars) changed during the past nine years, from the first quarter of 2003 to the first quarter of 2012. According to the Bureau of Labor Statistics, in early 2003, median [...]

Cartoon of the day

Special mention