Update 367 — Condition of the Labor Market:Minimum Wage, Other Workers Due a Raise Tomorrow morning, the U.S. House will vote on the first increase in the federal minimum wage since 2009. During that time, inflation has increased by 20 percent, an increase workers haven’t seen a penny of — in terms of wages. Conventional economic wisdom …
Update 366 — 2020 Presidential Cand. Series:Economic Agenda of Senator Cory Booker Today we have a look at the major domestic economic policy proposals that Sen. Cory Booker has introduced and is running on. Booker may not outnumber Sen. Warren in volume, but he has innovated as well, with thoughtful approaches to deeply vexing economic and financial issues. …
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Update 365: Powell Signals Pre-emptive Cut Summer’s Sunny Sky Deceives or Fall Inevitable? This seems like a point of departure for the Federal Reserve Board. It is rare for the Fed to reverse course on interest rate policy — raise and then cut rates in consecutive rate changes. It is passing rare for the Fed to …
Update 364 — What’s the Gig Idea, Anyway?Labor Mobility: an Independence Day Inquiry Labor mobility, the willingness and ability of workers to move — geographically, or just from firm to firm — seems aided by technology and made more promising by workers’ increasing readiness to change jobs and on short notice, with “job” coming to mean project …
Update 363 — 2020 Presidential Cand. Series:Economic Agenda of Senator Kamala Harris The chief economic proposal offered by Sen. Kamala Harris is a progressive, redistributive tax cut providing relief to middle-class Americans. Its significant revenue cost is only partially offset in the current proposal. We’ve seen tax proposals of similar scale (Trump), beneficiaries (BIll Clinton) and …
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Update 362 — The Economic Debate Offstage:Corporate Debt and Emerging Financial Risks All eyes will be on the first Democratic debate tonight in Miami. Starts 9:00 pm ET and ends at 11:00. Ten — half the qualifying field of candidates — will participate tonight. The other half will do so at the same venue …
Update 361 — 2020 Pres. Candidates Propose Bevy of Tax Credits, But Are They Progressive? The 2020 Democratic presidential candidates are advancing a smorgasbord of tax credit proposals, mainly focused on augmenting existing tax credit programs, such as the earned income tax credit (EITC) and the child tax credit (CTC). Tomorrow, House Ways & Means …
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Update 360 — 2020 Presidential Cand. Series:Economic Agenda of Mayor Pete Buttigieg Who is Mayor Pete and what is his early polling boomlet about? At 37, South Bend Mayor Pete Buttigieg would be the youngest president in American history. Several recent presidents have entered office earlier in their lives than might have been ideal and …
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Update 359 — House Financial Svcs. Cmte. Adopts Eight Bills; Focus on Housing Reform This week, the House Financial Services Committee marked up eight bills, including five housing proposals. Chair Waters has put housing front-and-center in her legislative agenda, with a particular focus on a ‘housing trilogy’ in the areas of affordability, discrimination, and homelessness. …
Update 358 — Here Comes a Housing Pitch: Can Mitch Afford to Swing and Miss? The major piece of unfinished business from the financial crisis of 2008 is housing finance and housing policy generally. The GSEs, under conservatorship since then, and long-standing problems in housing finance and the underlying market have been awaiting comprehensive reform. …
