The Australian minimum wage this year is $15.96 per hour. I know this mostly because my daughter lives in Melbourne these days (not forever, I hope). When she arrived there 18 months ago, she got a job at a minimum-wage restaurant. She earned enough to cover her rent and other expenses.
|By: ThirdandState Thursday February 14, 2013 4:52 pm|
|By: David Dayen Friday June 1, 2012 9:20 am|
|By: Dean Baker Tuesday December 27, 2011 12:50 pm|
For the most part David Brooks’ column is a confused diatribe against the Obama administration’s economic policies with a lecture on moral rectitude thrown in for good measure. He starts by condemning the efforts to stimulate the economy, which he misrepresents. Then it gets worse.
|By: masaccio Monday September 12, 2011 12:20 pm|
In the New York Times Economists Bowl, I call it Princeton 2, Harvard 0.
|By: masaccio Monday November 9, 2009 8:43 am|
Trade associations are leeches and parasites, but it’s the productive workers who get screwed.
|By: Tula Connell Sunday September 21, 2008 2:00 pm|
For most of us (John McCain excepted), the collapse of Lehman Brothers, Fannie Mae, Freddie Mac, Bear Stearns, Merrill Lynch, AIG (and others no doubt yet to come), is a clear sign something major has gone wrong with our financial system.
One of the main culprits in this debacle is the deregulation of the financial industry—which happened in large part through the efforts of McCain economic adviser Phil Gramm, who as senator, pushed through legislation allowing institutions to combine commercial banking and investment services.
|By: Tula Connell Sunday August 17, 2008 2:00 pm|
Quick, let’s all raise our hands: How many of us could live on less than $10 an hour?
That’s a take-home pay of roughly $300 a week. Most one-bedroom apartments cost at least $1,000 a month. Ooops. There goes nearly the entire salary in one rent check.
So how do the nearly 33 million U.S. workers who make less than $10 an hour survive?
|By: Tula Connell Thursday May 8, 2008 10:00 am|
Good news. Just found out author Jared Bernstein can join us for a short time. Help me welcome Jared, a progressive economist at the Economic Policy Institute here in Washington, D.C. Jared can discuss anything from “guns vs. butter,” to “how the capitalists killed capitalism”—and make it understandable.
Economics is scary.
|By: Tula Connell Thursday January 24, 2008 10:30 am|
Back in January 2001, in an article presciently titled: “Bush: ‘Our Long National Nightmare of Peace and Prosperity is Finally Over,’ ” The Onion satirized the list of horrors on our horizon following the installation of the Bush regime. Here’s what The Onion had to say about Bush and America’s economy: