4 Agenda Items the New Congress Should Embrace Infrastructure is a no-brainer. So are upping the minimum wage, protecting investors and battling climate change. Bloomberg, November 7, 2018 Democrats won the popular vote in House races by 9.2 percent. This is a much larger share than the margin of victory that Republicans… Read More The post BBRG: 4 Agenda Items the New Congress Should Embrace appeared first on The Big Picture.
Source: Morning Brew Amazon began paying all its U.S. workers a minimum wage of $15/hour. This appears to be not merely a defensive move but rather an offensive tactic to put rivals at a disadvantage when it comes to hiring qualified employees . . . The post A New Era at Amazon appeared first on The Big Picture.
What Minimum-Wage Foes Got Wrong About Seattle An initial study said the increase to $15 would cost workers jobs and hours. That didn’t happen. Bloomberg, October 24, 2018 The dire warnings about minimum-wage increases keep proving to be wrong. So much so that in a new paper, the authors behind an earlier studypredicting a negative impact have… Read More The post Seattle Study’s Shocking Conclusion: Minimum Wage Increases Benefits Workers appeared first on The Big Picture.
Source: How Much The post How Much You Need to Afford a House (50 Largest U.S. Cities) appeared first on The Big Picture.
What Minimum-Wage Foes Got Wrong About Seattle An initial study said the increase to $15 would cost workers jobs and hours. That didn’t happen. Bloomberg, October 24, 2018 The most dire warnings about minimum wage increases have proven to be wrong. So much so that in a new paper, the authors behind the… Read More The post BBRG: What Minimum-Wage Foes Got Wrong About Seattle appeared first on The Big Picture.
This is a fascinating graphic, and of the analysis is correct, we have radically overstated if the American Dream is alive and well in this country: A revolution in genomics is creeping into economics. It allows us to say something we might have suspected, but could never confirm: money trumps genes. Using one new, genome-based… Read More The post Better to be Born Rich Than Talented… appeared first on The Big Picture.
Why America Has a Two-Track Economy Depending on where you live, your education and job, things are either pretty great or pretty bad. Bloomberg, September 27, 2018 Which of these two scenarios describes the U.S. economy? No. 1. The economy is better than ever: The stock market is near a record high, wages… Read More The post The Robust, No Good, Excellent, Terrible Recovery appeared first on The Big Picture.
Source: How Much This will be the last post this week on the bifurcated recovery: This spiraling timeline is a pretty wild way to depict the ratio of Exec-to-worker salaries via How Much. Note this ratio peaked in 2000, and was at its smallest in the 1965-2017 era in 2009. Previously: One Third of Americans… Read More The post CEOs Make 312X Their Employees appeared first on The Big Picture.
Why America Has a Two-Track Economy Depending on where you live, your education and job, things are either pretty great or pretty bad. Bloomberg, September 27, 2018 I have been writing about the economic recovery — pretty much since the beginning 9 or so years ago — in very constructive terms. I have… Read More The post BBRG: Why America Has a Two-Track Economy appeared first on The Big Picture.
I have a column out later today, where I take (yet another) look at the bifurcated recovery. While researching some other data, I randomly found this chart. It shows on a state by state basis the spread between the top 1% and everyone else. Deutsche Bank notes workers with a high school education or less… Read More The post Income Inequality, State by State Edition appeared first on The Big Picture.
@TBPInvictus here, with a simple question: How much credit does Trump deserve for the current state of the economy? This should be easy to answer, but it has Trump himself keeps confusing fact and fiction, making this blurry int he eyes of some. Objective observers wonder why the compulsion to exaggerate what would normally be considered … Read More The post “Best Ever” Economy? appeared first on The Big Picture.
Fascinating comparison via Vox: Income inequality is a growing problem in the United States. The richest Americans have reaped a disproportional amount of economic growth while worker wages have failed to keep pace. And the $1.5-trillion Republican-passed tax cuts from December stand to make the situation worse. One chart from the 2018 World Inequality Report highlights the unique nature of income inequality in the US… Read More The post Income Inequality: America vs. Europe appeared first on The Big Picture.
Bloomberg recently updated (no paywall) this giant set of infographics looking at the 25 biggest family fortunes. Whenever you see a politician wanting to get rid of the Estate tax, it has nothing to do with small businesses or family farms — the first $22 million is exempt from estate taxes (married couple) — so you… Read More The post Trillion Dollar Inheritances appeared first on The Big Picture.
Where’s Your Raise? It Should Be Coming Pressures for bigger pay increases are building, but have yet to show up in the data. Bloomberg, July 11, 2018 During the past few years, I have written that I expected wages would begin to rise. They have, at least on a nominal basis, or… Read More The post When Will Wage Growth Begin in Earnest ? appeared first on The Big Picture.
I am all about employment and wages this week: click for ginormous graphic Source: How Much These are the top ten countries among the OECD with the highest household wealth, together with the average disposable income. 1. United States: $176,076 with $44,049 in disposable income 2. Switzerland: $128,415 with $36,378 in disposable income… Read More The post Countries with the Highest Household Wealth appeared first on The Big Picture.
Household Net Worth, June 2018 click for ginormous chart Source: Financial Accounts of the United States – Z.1 Fed Z1: The net worth of households and nonprofits rose to $100.8 trillion during the first quarter of 2018. The value of directly and indirectly held corporate equities decreased $0.4 trillion and the value of real estate… Read More The post Household Wealth = $100.8 Trillion Dollars appeared first on The Big Picture.