Tag Archives: Economics

Statistics Matter: Why Averages Aren’t Useful When Talking About the American Economy

When people talk about economic statistics and how people in the country are doing, they tend to use the word “average” a lot. We hear about the average family’s wealth, or the average personal income, or the average amount of debt. But thanks to out-of-control inequality, the average, or the total amount divided by population, is actually a pretty unhelpful statistic.  Let’s say we have … Continue reading Statistics Matter: Why Averages Aren’t Useful When Talking About the American Economy »

The economy could be worse, but it could absolutely be better

Last week, the Commerce Department announced that the American economy had a strong showing in 2021. Gross Domestic Product (GDP) grew 1.7% in the last quarter of 2021. bringing total annual growth for last year to 5.7%, the largest change that the US has seen since 1984. The Labor Department also shared some positive news. According to the agency, unemployment is very low in the US, with … Continue reading The economy could be worse, but it could absolutely be better »

Why I’m a Patriotic Millionaire: Andrew Ellis

I am joining the Patriotic Millionaires for one big reason: sitting on the sidelines and watching is no longer an option – at least not for me.   An increasing number of our fellow citizens feel disparaged by an economy and a politics that offers little or no security, that rewards the few and ignores the many, and that erodes our confidence in those who are … Continue reading Why I’m a Patriotic Millionaire: Andrew Ellis »

It Is Time We Reexamine the Cost of Reaganomics

President Ronald Reagan was a popular United States President. Upon leaving office, 63 percent of Americans overwhelmingly approved of the job he had done during his 8 years in office. His post-presidency popularity was solidified with efforts led by lobbyist and anti-tax activist Grover Norquist to convince local governments and private associations to name public spaces after Regan to preserve his legacy— particularly his tax … Continue reading It Is Time We Reexamine the Cost of Reaganomics »

Let’s make The American Rescue Package’s anti-poverty impact permanent

Jonathan Meyer

Congress just passed a long-awaited package designed to be a rescue plan for workers, families, and businesses struggling through the dual economic and public health crisis caused by the COVID-19 pandemic. This sweeping package demonstrates the undeniable power of the federal government to significantly reduce poverty when it decides to, and raises two questions: Why should we wait for once-in-a-generation global catastrophes to use the … Continue reading Let’s make The American Rescue Package’s anti-poverty impact permanent »

Life Without A Living Wage

Unsplash | Dan Smedley

Being poor in America is expensive. The 16% of our population that lives in poverty faces a daily barrage of hidden fees, fines, and predatory interest rates almost perfectly designed to keep them trapped in poverty.  To be poor in America is far more difficult and complicated than it is often presented as. Things can quickly spin out of control when hidden costs start to … Continue reading Life Without A Living Wage »

Parliamentarians, Byrd rule, and reconciliation

With only 50 Democrats in the Senate, supporters of President Biden’s COVID relief package don’t have the 60 votes necessary to overcome the filibuster and pass it as standard legislation. They also haven’t demonstrated a willingness to abolish the filibuster, leaving Senate Dems with one option: budget reconciliation. This process allows a simple majority to pass legislation by incorporating it into the budget, but it … Continue reading Parliamentarians, Byrd rule, and reconciliation »

13 Senators Oppose Helping Their Very Own States

The federal minimum wage has remained at a deplorable amount of $7.25 an hour since 2009, despite the substantial increase in worker productivity and costs of living across the country. Luckily, The Raise the Wage Act of 2021 was introduced in the U.S. House of Representatives on January 26th to remedy this injustice.   As President Joe Biden pushes for the increase of the minimum wage … Continue reading 13 Senators Oppose Helping Their Very Own States »

Why I’m a Patriotic Millionaire: Ron Guillot

I’m 53 and my wife and our two kids and I live in urban Denver. We are financially fortunate and thanks to two good incomes, decent investments, smart work and luck, we are what I call garden variety millionaires. My wife is an M.D. and I’m an MBA from a non-fancy non-top 25 school. I considered myself politically engaged and a proud and active member … Continue reading Why I’m a Patriotic Millionaire: Ron Guillot »

What Happened to the American Dream?

This blog originally appeared on WalkerViewPoints on 9/30/20  Many kids, like me, first-generation college students, with farm and factory parents realized the American Dream. Ours was postwar America, a time of relative prosperity, when a poor kid could afford a decent college, when good jobs were abundant, and when wages were good.’ Introducing the Great Society in 1964 at the University of Michigan, Lyndon Johnson … Continue reading What Happened to the American Dream? »

Quarantining the Economy Is the Only Way to Save It

With great distress, each and every person in America is watching public health and economic catastrophes unfolding daily. As a country, we are terrified by the way the COVID-19 virus kills both people and economies, and, as with people, economies with preexisting conditions are at greater risk. It’s become clear, in a mere matter of weeks, that addressing this issue will take time and thought … Continue reading Quarantining the Economy Is the Only Way to Save It »

Year In Review: 2019

As 2019 comes to a close, let’s take a moment to look back at the major events that impacted the state of the economy – and the national conversation around our three core issues – as we enter the new year, and the many policy developments this year that are giving us hope for better, brighter decade to come. 

Just Pay Your Taxes, Mr. Bezos

A couple weeks ago, billionaire Amazon CEO Jeff Bezos announced that he would be donating $98.5 million to charitable organizations to fight homelessness across the United States. While the move garnered Bezos a fair bit of glowing press coverage, we have reservations about celebrating the world’s richest man for using the spectacle of philanthropy as a political shield against paying his fair share in taxes.

The Bare Minimum Series: Jobs and Businesses

Raising the federal minimum wage to at least $15 an hour will lift millions of Americans out of working poverty – and it’s scaring a lot of special interests who profit from keeping people poor. In this series, we’re dismantling the myths, one by one, that Raise the Wage opponents use to try and stop 40 million workers from making the money they deserve.  This … Continue reading The Bare Minimum Series: Jobs and Businesses »

The Bare Minimum Series: Regional Variation

Raising the federal minimum wage to at least $15 an hour will lift millions of Americans out of working poverty – and it’s scaring a lot of special interests who profit from keeping people poor. In this series, we’re dismantling the myths, one by one, that Raise the Wage opponents use to try and stop 40 million workers from making the money they deserve.  This … Continue reading The Bare Minimum Series: Regional Variation »

Wages Don’t Kill Jobs, Corporations Do

Last week, the House of Representatives passed the Raise The Wage Act, which would increase the minimum wage to $15 an hour and tie it to inflation, with near-unanimous support from Democrats and near-unanimous opposition from Republicans. This is a momentous victory for workers, but self-proclaimed “grim reaper” Mitch McConnell casts a long shadow on any celebration. Surprising no one, McConnell promptly vowed not to … Continue reading Wages Don’t Kill Jobs, Corporations Do »

Can’t Get Fooled Again: Trump’s New Tax Cut For The Rich

According to insider reporting at the White House, the Trump administration is considering a tax cut that will almost exclusively benefit the rich. If you’re experiencing déjà vu, rest assured, you’re not alone. We have in fact been here before. In 2017, Republicans assured Americans that their $1.9 trillion tax cut for corporations and the rich would create jobs and give workers a $4,000 raise. … Continue reading Can’t Get Fooled Again: Trump’s New Tax Cut For The Rich »