Friday, December 06, 2013
It's not just that unequal income distributions are just, well, you know, bad. And that it's worse that working hard and following the rules doesn't work so well anymore.
But what's getting lost in the ZOMG, inequality! discussion is that supply-side and austerity policy regimes have lowered growth rates--that the result has been idle capital and idle labor sacrificed to the confidence fairies. Every economist is supposed to agree that more growth is better than less. Policies that increase inequality AND lower growth rates should be uniformly rejected by Serious People and politicians alike.
The only thing worse than crappy wages is not being able to get a job at crappy wages, while factories degrade and earthmovers rust.
by Jay Ackroyd (@jayackroyd) at 09:12
Thursday, December 05, 2013
I've attended/taught at a variety of institutions, ranging from my state school undergrad to the Ivy League, and to me the problem with elite school grade inflation isn't that lots of students get As. The A students probably mostly deserve them. It's the lower end of the grade distribution that's more problematic. Bad students at my state school got Fs. Bad students at elite institutions just might be reprimanded with a C+. Might.
by Atrios at 14:50
When I began my 'crazy' campaign to support an increase in Social Security benefits, one point was to put the "just do nothing" option on firmer ground. I support increasing Social Security benefits significantly on the merits as the 401K experiment has failed, but I also support shifting the discourse enough that the only options aren't "cuts or no cuts." The Social Security cutters are now playing defense, so I consider it to be a win.
by Atrios at 13:33
RJ Eskow and Stuart Zechman discussed the question, "What needs to happen in order to make a working health care system - for 99% of us - out of the Patient Protection and Affordable Care Act (PPACA)?" on Virtually Speaking Sundays.
by Avedon at 09:26