Where Did All the Working Men Go?

A new White House report shows a staggering drop in the portion of working-age men who are actually working. It also reveals deeper problems with American society.
Warren Buffett Is the Best Argument for Capitalism. Is It Good Enough?
As the “Empire State of Mind” beat filled the packed CenturyLink Arena in Omaha, the chorus slid in: “At Berkshire, financial strength is what dreams are made of, there’s nothing you can’t dooooo….” The white, middle-aged crowd of investors jammed. Is this is the humble setting from which champions arise?
The Civil War Did Wonders For Economic Mobility Down South
In modern America, the ability to move up the economic food chain is a long shot. One method for shaking up entrenched economic classes that has worked in the past: civil war.
The Gig Economy Is Growing, and It Is Terrifying
In America, we have created a system in which most workers receive necessary benefits like health insurance through their employers. That system is falling apart, and we should all be alarmed.
Automation and Basic Income
Without meaning to, the CEO of a restaurant corporation that is busily trying to automate employees out of existence is becoming one of the best spokesmen for the idea of providing all Americans with a universal basic income.
Ted Cruz's Economic Adviser: Guy Who Was a Direct Cause of the Financial Crisis
Republicans, you will be happy to know that the guy who is the sober alternative to Donald Trump is being advised on economic policy by the guy who helped lay the groundwork for most recent total collapse of the global economy.
OMG Could Helicopter Money Become Real?
Here is a wild idea you might like: the government giving money to everyone, for free. This lovely idea is growing more realistic by the week, friends!
Incompetent Bailout Chief and Unrepentant All-Purpose Failure Ascends to Minneapolis Fed Presidency
Neel Kashkari, the at-the-time little-known Goldman Sachs banker who was put in charge (by Treasury Secretary and former Goldman Sachs CEO Hank Paulson) of the Troubled Asset Relief Program (that is, the bank bailouts) in 2008, has been named the new president of the Minneapolis Federal Reserve Bank.
Joe Stiglitz Knows How to Solve Inequality, if Anyone Will Listen
Joseph Stiglitz, a Nobel Prize-winning economist, is one of the world’s most influential thinkers in the battle against economic inequality. He’s trying hard to remain optimistic. But it ain’t easy.
Moral Hazard and Its Victims
After all of the boisterous noise about rejecting austerity, Greece has finally agreed to the outlines of a bailout to address its debt crisis: more austerity. Its future is grim(mer). At times like this, it is useful to ask which side has the morality, and which has only the hazards.
Behavioral Science and Poverty
The fastest way to fight poverty is to redirect money from higher-income to lower-income people. In the meantime, behavioral scientists have some tips on how the present system can do a better job of helping the poor.
As wide-eyed foreigners lustily eye Havana real estate, liberalized Cuban economic rules are “re-gentrifying the city along racial lines and class divisions, particularly because lighter-skinned Cubans are more likely to have relatives abroad with money to invest.” Viva capitalismo!
