Declining Wages For College Graduates
The Economic Policy Institute graphs “the 10-year decline in wages for most college graduates.”
Policy Points
The Response To The Financial Crisis
In an interview with The PBS NewsHour, Shelia Blair, the former chair of the FDIC, discusses the financial collapse of 2008 and the role the federal government played in response.
Watch Former Regulator Bair Recounts Stories of Financial Crisis on PBS. See more from PBS NewsHour.
Around The Dial – October 22, 2012
Economic policy reports, blog postings, and media stories of interest:
- Is it “time to rewrite the story of Detroit’s decline?”
- The Progressive Pulse explains how household expenses outpace incomes.
- Jared Bernstein points out that “unemployment doesn’t just hurt the unemployed.”
- Free Exchange highlights the cognitive dissonance that surrounds Medicare debates.
- Zachary Goldfarb discusses how statistical innumeracy undermines politics.
“The New Gilded Age”
In a discussion with Bill Moyers, journalists Matt Taibbi and Chrystia Freeland discuss the growing disconnect between the richest Americans and more ordinary citizens.
“Happiness Is Equality”
Robert Skidelsky explains why “happiness is equality.”
But another finding has also started to influence the current debate on growth: poor people within a country are less happy than rich people. In other words, above a low level of sufficiency, peoples’ happiness levels are determined much less by their absolute income than by their income relative to some reference group. We constantly compare our lot with that of others, feeling either superior or inferior, whatever our income level; well-being depends more on how the fruits of growth are distributed than on their absolute amount.
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Put another way, what matters for life satisfaction is the growth not of mean income but of median income – the income of the typical person….
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