Making a guaranteed income politically viable, Megan McArdle says, would require closing off U.S. borders to immigrants from lower-skilled countries. And that would increase global poverty more than a basic income would reduce U.S. poverty. Continue reading
In SeaTac, Wash., home of the Seattle-Tacoma International Airport, citizens voted last year to raise the minimum wage to $15 an hour. However, a court decision — now being appealed — has excluded the 5,000 or so workers on airport property from receiving the increased benefits. Economics correspondent Paul Solman reports. Continue reading
New data from the BLS estimates $791 as the median weekly income for full-time workers in the U.S during the first quarter of 2014. We break that down to see what it might say about the pay gap. Continue reading
Last fall, voters in SeaTac, Wash., narrowly approved a ballot initiative to increase the minimum wage to $15 an hour. But nearly 5,000 airport workers still aren’t receiving that higher wage because Alaska Airlines has challenged the initiative in court. Continue reading
Could a guaranteed basic income give rise to another band like the Beatles? Or support a scientific breakthrough like the light bulb? Occupy activist David Graeber thinks a lump sum basic income would liberate workers to do the work they want to do. And that would benefit all of society. Continue reading
A 2015 Ford Mustang sits atop the observation deck of New York’s Empire State Building Wednesday in celebration of the sports car’s 50th birthday. The automobile was brought up in separate parts and assembled atop the skyscraper, where it will stay on display for a couple of days.
What rankles conservatives and liberals about the current welfare system? It’s a large bureaucracy, and some say, it doesn’t respect poor people’s ability to make their own decisions. The basic income, however, would give everyone a lump sum, and as this conservative sees it, replace all other targeted welfare programs. Continue reading
Consumer prices in the U.S. ticked upward this March, climbing more than expected as Americans paid slightly more for food and rental housing. The hike suggests improving consumer demand, and may alleviate concerns among some Federal Reserve officials over too-low … Continue reading
Loyalty between employers and employees goes both ways, so if your employer isn’t compensating you fairly, leave. Don’t be the only one holding yourself back from moving on to new opportunities, says headhunter Nick Corcodilos. Continue reading
Use our interactive to get an idea of how income and social safety-type taxes are factored into your paycheck, and how you’d fare if the U.S. had a wage tax structure similar to other developed nations.