What would happen if we just gave people money?

Ever hear of basic income? A basic income is a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement. So what would happen if your income — or at least some of it — was taken care of? People with pensions and trust funds already know, but for …

Is the rising tide lifting all boats?

‘Murica got some good economic news from the U.S.Census Bureau, namely: …Real median household income increased by 5.2 percent between 2014 and 2015 while the official poverty rate decreased 1.2 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2015 was $56,516, …

Where equality died…

Leftover sends this, which is long but totally worth it. Stan Sorscher, of Economic Opportunity Institute, writes: …workers’ wages – accounting for inflation and all the lower prices from cheap imported goods – would be double what they are now, if workers still took their share of gains in productivity. I’m not doing this article …

Living (barely) on a minimum wage

Read Peter Van Buren here. It includes: …having worked at the State Department for 24 years, I had been booted out for being a whistleblower. I wasn’t sure what would happen to me next and so took a series of minimum wage jobs. Finding myself plunged into the low-wage economy was a sobering, even frightening, …

93 percent of U.S. counties aren’t recovering

Leftover sends this, a Wall Street Journal blog on the slow recovery that really isn’t much of a recovery for most people. From the blog post: As was the case in 2014, when just 65 counties had fully recovered, most of those that bounced back are in states benefiting from the energy boom. Last year, …

Small boosts in family income helps kids a lot

This paper (and thanks, Kimberley, for sending it) from the National Bureau of Economic Research says a little boost in family income has an amazing effect on children in that family. That’s especially true for children facing behavioral or mental health challenges. You can read more here.