Click here to receive the Daily Digest via email.
$15 Is the New $10.10 (U.S. News & World Report)
Paul K. Sonn argues a nationwide $15-per-hour minimum wage is both feasible and necessary in order to generate enough spending power to sustain the economy.
Just How Big Are CEOs’ Packages? (In These Times)
Leo Gerard says the purpose of calculating the pay ratio between CEOs and median workers isn’t to shame CEOs, but to emphasize the need to pay workers better.
Fed Officials Growing Wary of Market Complacency (WSJ)
Jon Hilsenrath says the Fed is growing concerned that calm markets will increase investors’ tolerance for risk too much, and lead to further problems down the road.
What Drives Credit Card Debt? (TAP)
Credit card debt has almost nothing to do with household spending habits, writes Amy Traub. Lack of health insurance, education, and assets are far stronger indicators of high consumer debt.
How Privatizing Government Hollowed Out the Middle Class (MSNBC)
A new report on government contracting shows that the massive shift to privatization in the 1990s cut costs by turning middle-class jobs into low-wage jobs, writes Timothy Noah.
Toward a Progressive Tax Policy (Bloomberg View)
Peter Orszag considers two options for taxing wealth in the U.S. that he thinks are more viable than Piketty’s global wealth tax: a progressive consumption tax and an inheritance tax.
- Roosevelt Take: Roosevelt Institute Chief Economist Joseph Stiglitz will appear on Moyers & Company again this weekend to continue discussing his new white paper on reforming our tax code.
Republicans Are Claiming the New Climate Rules Will Wreck the Economy. They’re Wrong. (MoJo)
Chris Mooney says the economic costs of new environmental rules are consistently overstated, when in fact studies show the benefits from these regulations far exceed the costs.