Posts Tagged ‘wages’

The Myth of Overcompensated Public Employees

Two new studies debunk the idea, prevalent in these days of threatened austerity, that public employees are “overcompensated.” It only ever meant that they supposedly get better pay and benefits than their private-sector counterparts (though that could just mean that the private-sector undercompensates). But it turns out that it really isn’t true. The first one ...Read more.

Wages Up or Down?

(1) Possibly Irrelevant Image: Which  New York Times article are we to believe? (2) Bernanke Says Rising Wages Will Lift Spending, from yesterday’s New York Times (check out the goofy pic of Geithner): Federal Reserve Chairman Ben S. Bernanke said rising wages would probably spur household spending in the next few quarters, even as weak ...Read more.

#OccupyBoston #OccupyWallStreet Alejandro Reuss Arjun Jayadev Arthur MacEwan ASSA austerity banking regulation Bank of America Boeing climate change David Graeber Dean Baker debt deficit deficits economics profession Egypt financial regulation foreclosures Gar Alperovitz Goldman Sachs Greece Hosni Mubarak inequality interest-rate swaps Jeannette Wicks-Lim John Miller Mark Engler Naked Capitalism Paul Krugman police brutality Polly Cleveland public-sector workers QE2 Rick Wolff Social Security taxes the Fed unemployment unions uprising Wikileaks William K. Black Wisconsin