A $20 an hour minimum wage really would cost a lot of people their jobs
The good news about Denmark is that their unemployment rate is only very slightly higher than the USA’s and was lower in the recent past. The Danish economy as a whole does a good job of keeping people employed, and it also does a much better job than the American economy of delivering high living standards for the poor. But mandating high wages for fast food workers has more or less the impact you would expect — low levels of fast food employment.
The standard response to raising the minimum wage is always why not a million dollars and hour as if that’s under consideration. $20 is too hight. Much to high. That doesn’t mean that $0 is the correct answer.
The best proof yet that nobody has actually read Piketty’s book
In other words, very few economists believe that Thomas Piketty’s equation r > g explains the rise in US inequality over the past 40 years. The punchline here, however, is that Piketty’s book does not say that r > g explains the rise in US inequality over the past 40 years.
The best criticisms of Piketty have not come from the media or right wing hacks. They’ve come from policy wonks in the center.
News from 1096 AD: Pope discusses military force against Middle Eastern caliphate
During the Middle Ages, between 1096 and 1272 AD, popes also endorsed the use of Western military action to destroy Middle Eastern caliphates. Those were known as the crusades; there were nine, which means that this would be number 10.
Well that can’t be good.
If police in Ferguson treat journalists like this, imagine how they treat residents
That police in Ferguson are targeting journalists so openly and aggressively is an appalling affront to basic media freedoms, but it is far scarier for what it suggests about how the police treat everyone else — and should tell us much about why Ferguson’s residents are so fed up.
This should be a major point of discussion.
Over a million Hispanics turned white between the 2000 and 2010 Census
about two million people switched from describing themselves as Hispanic members of “some other race” to being Hispanic members of the white race, while only about one million people switched in the other direction.
I expect the trend to continue in the 2020 census.
Why the Myers-Briggs test is totally meaningless
The characteristics measured by the test have almost no predictive power on how happy you’ll be in a situation, how you’ll perform at your job, or how happy you’ll be in your marriage.
I view the Myers-Briggs as an updated version of the horoscope.
Obamacare implementation went great and people love it
None of this proves that the Affordable Care Act is a good law or that conservatives should love it. But it does prove that the Affordable Care Act is working just fine. When an initiative comes in ahead of schedule and below-cost, that’s called working. And the people on the new Obamacare plans are using them and they like them.
We are two decades away from people holding up signs demanding the government keep out of their Obamacare.