Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Supply

Inequality Under Obama: Where Did The Money Go?

Today I’m continuing the Polished Politics series on YouTube. Here’s the new video:

If you prefer reading to viewing, the text version follows, complete with links to sources.

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Why You Should Get a Raise

Since the global economic crisis of 2008, many of the world’s advanced economies continue to struggle to recover. In many of these countries, growth since the crisis has been much slower than it was in the years prior. Indeed, when we look closely, we see that the 2004-2007 growth average is higher than the 2010-2013 average in just about all the major advanced economies, and that in some countries this difference is very large:

Slowing GDP Growth

What’s holding back recovery? To understand this, we need to understand what kind of economic crisis we’re trying to recover from in the first place. Read the rest of this entry »

Misconceptions: “Minimum Wage Jobs Aren’t Supposed to be Careers”

The other day, I saw one of my Facebook friends post this image:

The claim that minimum wage jobs aren’t supposed to be careers, and that consequently any adult who still has one deserves a wage that cannot be lived on, is dangerously misleading. Here’s why.

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Minimum Wage: Rational Employers are Not Job Creators

There is a huge, gaping hole in the response right-wing politicians are giving to demands that the minimum wage be raised in the United States–they are assuming that employers generally behave in an irrational, inefficient way. Here’s how.

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