Economy

Open Letter to the Class of 2020

The following letter (lightly edited for this reissue) was posted in late 2010 (many comments there, worth a read). In the last several weeks, I’ve been asked by a variety of friends and colleagues to post it again. I wish I could report that it’s out of date, but the trends it discusses have worsened… Read more »

The Gender Gap in Soccer

Last week, five members of the US women’s national soccer team filed a wage-discrimination suit against the US Soccer Federation (USF). The players claim that despite generating significantly higher revenue than the men’s team (USF projects the women’s team will generate $17.6 million in gross revenues in fiscal year 2017 compared with the men’s $9.1… Read more »

How to Make More Good Blue-Collar Jobs

If you’re looking for a silver lining in the dark cloud of the Trump candidacy, you might notice that it has brought some attention to the worsening state of white people without a college degree. It’s not that the world is rosy for non-whites without college degrees, of course, but on average they were starting… Read more »

Potential Downsides of a $15 Minimum Wage

Much of the leftosphere has been uncritically cheering the likelihood that California will move its minimum age to $15/hour. I am therefore glad that Kevin Drum has raised a cautionary note. As Kevin points out, modest raises in the minimum wage do not seem to produce increased unemployment, but this would not be a modest… Read more »

The GOP Threat to High-Skilled Immigration

Tough talk on illegal immigration has been a signature issue for both Republican presidential contenders Donald Trump and Sen. Ted Cruz – you’d be hard-pressed to find a voter who hasn’t heard of Trump’s proposal to “build a wall” on the U.S.-Mexico border. But perhaps less well-known are these candidates’ equally damaging and retrograde views… Read more »