Small businesses are sometimes criticized as being bad for workers — but that idea is wrong. In this piece, we look at how small and large businesses compare on concrete metrics like wages, and find that in some industries, including retail, employees at small businesses earn more. There’s also a larger way in which the interests of small businesses and working people are aligned, we argue: Both groups benefit when public policy works to disperse economic power.… Read More
1947-1979 change in real income of poorest 20 percent of population: 122 percent.
Of richest 20 percent: 99 percent.
Change of richest 1 percent: 39 percent.
Change of richest .01 percent: 29 percent.… Read More
After seeing a presentation on “deep decarbonization” outlining necessary changes to the U.S. economy in order to reach our greenhouse gas emission reduction goals, John Farrell discusses some of the nuances of the fascinating elements where we should focus our attention during this clean energy transition.… Read More
A selection of recent news stories with an ILSR insight into “The Public Good.” Stories in this Newsfeed: High Stakes Testing Debunked | Do Unions Aid Student Achievement? | Inequality and Upward Mobility | Do Prisons Reduce Crime? | Uber Unmasked High Stakes Testing: Destructive … Read More
For the first time in 28 years, the Democratic Party platform calls for vigorous, stepped-up enforcement of our anti-monopoly laws. This remarkable shift in policy was made possible in part by the Bernie Sanders movement, but it’s also the product of years of advocacy by scholars and activists who believe that high levels of concentration in banking, retail, agribusiness and other sectors are ravaging our economy and democracy.… Read More