Do firms make economic stagnation worse?
Remember: people are selfish and firms are set up to make money, not necessarily reward people. Continue Reading
Economics
Middle managers are crippling the economy
… to the tune of about $3 trillion (yes, with a t). Continue Reading
The man is keeping you down
We know, via economic science, that Americans should probably be making about $30,000 more than they do. We also know that job growth has been nice — 223,000 jobs were added off the last report — but earnings have remained stagnant,… Continue Reading
Cost of Living: What’s the hourly wage you need for a 2BR in every state?
From here (via here):
You should probably be making about $30,000 more
Whenever a new batch of “employment/jobs” data gets released — which happened at the end of last week in the U.S. — I always get kind of frustrated, because (a) no one really understands the unemployment rate and (b) it really… Continue Reading
Inequality: Let’s talk about 95-20 ratios in U.S. cities
A “95-20 ratio” compares the income of the top five percent of a city (the rich, essentially) with the bottom 20 percent (the poor, essentially) across the 50 largest U.S. cities. If the ratio is very high, that means the… Continue Reading
You need to make $87,536 to buy a home in NYC; San Francisco? $142,448
From here, there’s this: This data comes from a mortgage research website (HSH.com) and is pretty much what you’d expect: the Northeast Corridor demands a relatively large salary (minus Philly, maybe); Florida is comparatively inexpensive (I thought Miami would be… Continue Reading
Here are the 10 hardest-working cities in America
New report from WalletHub, in turn summarized on Forbes. WalletHub tends to do some interesting stuff with their data, even if it’s pretty easy to quibble with some of the findings. The methodology here involved: Average workweek hours Commute time… Continue Reading