Travel journalist Paul Theroux wrote a piece in the New York Times about some of the negative effects of globalization on US workers. Generally I advise never listening to travel journalists opine on political economic questions for the obvious reason that they are not well-equipped to do so (going somewhere to visit does not [...]
Catherine Rampell has a piece at the Washington Post titled “Want to fight poverty? Expand access to contraception.” As you can probably guess, the poverty solution here is to try to nudge women with low market incomes away from having families, a troubling strategy that rich folks have been eager to push in one form [...]
In my last post, I broke down five social indicators — poverty, health coverage, employment, incarceration, and life expectancy — by race and class (using educational attainment to stand in for class). The point was to show that, while the disparities across classes are the biggest, there remains significant racial disparities within classes. [...]
There was a time a great while ago where leftists struggled over the question of whether race or class is the motive force of oppression and suffering in society. These days, with the intervention of intersectionality and considerable progress in sociology, this question has largely been answered by discarding its faulty premise. It needn’t be [...]
Lauren A. Rivera has a new book out titled “Pedigree: How Elite Students Get Elite Jobs.” Coverage of the book (The Atlantic, New York Times) indicates that the author interviewed hiring managers at elite firms to understand how they made their hiring decisions. Of interest to me in this post
EPI folks wrote a paper titled “Broad-Based Wage Growth Is a Key Tool in the Fight Against Poverty.” I wrote a response titled “If You Want Really Low Poverty, Market Income Is Not Going To Get You There.” In my piece, I point out that 2 in 3 poor people are [...]
I wrote twice previously about Uber jacking up prices in an emergency in Sydney, Australia (I, II). In both cases, I have pointed out that in addition to it being rational for many (and perhaps even the majority) to prefer non-surging in emergencies, it’s also totally plausible aggregate utility, measured in [...]
Most major companies in this country are owned by capital unions whose members are called shareholders. The members of the capital unions cast votes in elections in order to guide the direction of the companies. Among other things, the members of each particular capital union help to select a Board of Directors, which is then [...]
I don’t write about gentrification, but I read about it often. Most of what I read about gentrification is less lucid than I’d prefer, generally because it is vague, myopic, or needlessly narrative. This has started to bug me, and so I figured I’d try my own hand at writing about the topic.
I’ve never seen someone get as thumped as Sumner in this weird exchange (him, me, him, me, him). It’s gotten a bit complicated now, as he’s shifted his position so many times. So it’s probably easiest to start with the certain victories.
First, Sumner has [...]