economy

Did Income Inequality Make the Great Recession Worse?

Did Income Inequality Make the Great Recession Worse?

That’s the argument made by Bas Bakker and Joshua Felman of the International Monetary Fund in  recent research summarized at voxeu.org: It was not just the drop in housing wealth that made the Great Recession so deep, but also the decline in financial wealth. The decline in total wealth was key to explaining the depth […]

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Urban Institute:  Not-for-Profit Sector is 5% of US Economy

Urban Institute: Not-for-Profit Sector is 5% of US Economy

A new report by the Urban Institute profiles the not-for-profit sector.  One big take-away from it is that charitable activities make up more than five percent of the US Gross Domestic Product.  Here are some of its other highlights: Of the nonprofit organizations registered with IRS, 501(c)(3) public charities accounted for just over three-quarters of […]

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The Interaction Between Technological Innovation & Socio-economic Status

The Interaction Between Technological Innovation & Socio-economic Status

A recent New York Times article documented how the rise of innovative scheduling technology is affecting low-wage employment across the US: Along with virtually every major retail and restaurant chain, Starbucks relies on software that choreographs workers in precise, intricate ballets, using sales patterns and other data to determine which of its 130,000 baristas are […]

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Recovery?  What recovery?

Recovery? What recovery?

Every few months, we are reminded that the economic recovery has been anemic up to now, but next year, it will be different.  In case you missed it, over at the NYT’s Upshot, Neil Irwin took a look at the latest trends in housing and provided a sobering corrective to this conventional optimism: The number […]

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Maybe the US ISN’T Losing its Entrepreneurial Mojo, After All

Maybe the US ISN’T Losing its Entrepreneurial Mojo, After All

In our previous post, we discussed a study suggesting there was a decline in entrepreneurial activity in recent years in the US.  You may remember that blogger Kevin Drum had some doubts about the study.  Well, he followed it up with a little checking and now makes the case that the situation hasn’t changed at […]

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The US is Losing its Enterpreneurial Mojo

The US is Losing its Enterpreneurial Mojo

That’s the implication of a new study by Ian Hathaway and Robert Litan published by the Brookings Institution.  According to the authors, the outlook isn’t brilliant, to say the least:  Overall, the message here is clear. Business dynamism and entrepreneurship are experiencing a troubling secular decline in the United States. Existing research and a cursory […]

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