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+18 +3
What we know and what we don't about universal basic income
Trials show how universal basic income performs in both stable and volatile settings but alternative and adjacent policy ideas need serious exploration.
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+8 +1
Best location to choose, to build the first city of a new (re-started) civilization
Response to: "If civilization restarted and you had to pick the best location to build the first city, which location would you choose to ensure a long term strategic and economic advantage?"
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+4 +1
CEOs made 299 times more than their average workers last year
The difference between CEO and median employee pay grew in 2020 despite the Covid pandemic and ongoing relief efforts.
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+20 +5
Estimating the economic impact of climate change from weather
We do not know how much climate change will cost us. Yet that cost is the ‘externality’ missing from fossil fuel prices (Gollier 2021), which needs to be incorporated by either taxing or capping carbon emissions (as in the EU Emission Trading System). Plausible assumptions about that cost could justify carbon prices anywhere from a few dollars to hundreds of dollars per tonne.
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+14 +4
Keeping tax low for rich does not boost economy
Major reforms reducing taxes on the rich lead to higher income inequality but do not have any significant effect on economic growth or unemployment, according to new research by LSE and King’s College London.
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+16 +2
Majority of Gen Z Americans hold negative views of capitalism: Poll
Positive views of capitalism declined by double-digits among young Republicans.
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+20 +2
You Can Have Billionaires or You Can Have Democracy
The billionaire class isn’t just a group of people who happen to be superrich. It’s a dynastic oligarchy with a single overriding objective: controlling the government to protect its inherited wealth.
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+18 +2
The US’s greatest danger isn’t China, it’s much closer to home
The rivalry with China is palpable but history teaches us lessons about how it’s easier to blame others than blame ourselves
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+17 +6
New finding: in 49 Australian industries the major firms are owned by common investors
Shared ownership means Australian industries are far more concentrated than traditional metrics suggest.
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+21 +2
How the World Ran Out of Everything
Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.
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+3 +1
Pandemic Hit Less-Educated Workers Hardest, Fed Survey Shows
Economic well-being fell sharply for people without a high-school degree in 2020, while rising for more-educated groups.
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+21 +5
Universal basic income isn't as foreign a concept as you think.
The recent pandemic stimulus checks were a fairly accurate trial run of UBI.
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+19 +2
UBI is dead; long live guaranteed income
The pandemic took the concept of universal basic income out of the hands of Silicon Valley tech bros—and brought it to the people.
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+16 +2
A Graying China May Have to Put Off Retirement. Workers Aren’t Happy.
Most Chinese workers retire by 60. But with the population aging and pension funds running low, the government says that must change.
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+22 +2
CEO who gave employees $70K minimum wage says revenue tripled 6 years later
A CEO who cut his own salary to give all of his employees a minimum wage of at least $70,000 per year says his company's revenue has tripled since he made the move.
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+11 +3
Andrew Yang Isn’t Doing U.B.I. Right
There are better ways to follow the Rev. Dr. Martin Luther King Jr.’s call for a guaranteed income.
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+9 +1
Why inflation fears are unfounded
It would be a dangerous mistake to let fear of inflation and then a bursting bubble in the financial sector hamstring the economy that could make good jobs for real men and women who have been telling us for decades that this is what they want.
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+18 +4
Inside the Next Housing Crisis
Housing advocates predict both a tsunami of evictions and a significant rise in homelessness
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+16 +2
How housing became the world’s biggest asset class
It is only a recent phenomenon
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+21 +7
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
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