Joseph William Singer— Should we raise the minimum wage to $15 an hour? Those who say yes seek wages sufficient to sustain workers; those who say no argue that this will increase business costs, leading to layoffs of the very people we are trying to help. Would an increase help
Follow @guardian_clark Exploring “Where is the Money?” in the current economic crisis also begs the question “what is the human cost of the financial slump?” Acclaimed journalist Tom Clark investigates this question with “the most rigorous accumulation of evidence to date,” as declared by The Guardian, in Hard Times: The Divisive Toll of the
When we think about the causes of the Great Recession, the first one that comes to mind is usually the burst housing bubble. But the origins of the recession—and our sluggish recovery from it—go deeper than that. According to Robert D. Atkinson and Stephen J. Ezell, co-authors of Innovation Economics:
What if the constant panic about the rising costs of health care and higher education in America were somewhat unfounded? What would this entail for this country? A giant, collective sigh of relief? This is the premise of famous economist, Willian J. Baumol’s new book, The Cost Disease: Why Computers
Dorothy Rabinowitz’s op-ed in yesterday’s Wall Street Journal, titled “Why Obama is No Roosevelt” comes from the comparisons made to FDR that have followed President Obama since the run-up to the 2008 election. In September 2010, The National Bureau of Economic Research declared that the recession was over in June
Last night’s debate was yet another reminder that the current economic crisis continues to weigh heavily on the American mind. And, as questions about the economy keep Obama and McCain on their toes, Yale University Press author Steve Fraser has been busy commenting on the crisis both in print and