BBRG: 4 Agenda Items the New Congress Should Embrace

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.

A New Era at Amazon

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.

Seattle Study’s Shocking Conclusion: Minimum Wage Increases Benefits Workers

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.

“Best Ever” Economy?

@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.

Income Inequality: America vs. Europe

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.

Trillion Dollar Inheritances

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.

Countries with the Highest Household Wealth

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 Wealth = $100.8 Trillion Dollars

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.