US labor market
US housing market
http://www.bloomberg.com/view/articles/2016-06-01/curbing-our-enthusiasm-over-rising-home-pricesFriday, June 3, 2016
Payment Technology Revolution
Asia leads the way
“What we're seeing
in Asia is the rise of mobile payments that run primarily on software, not
hardware as we've tried to implement here in the United States. And that simple
distinction may be the key to everything from accelerating the spread of mobile
payments to unlocking deep, digital interactions with customers in
brick-and-mortar stores to democratizing e-commerce away from giant online
businesses like Amazon.”
Thursday, June 2, 2016
Antibiotics and Law of Unintended Consequences
Our zeal for antibiotics in agriculture
could become an economic nightmare BY VIKRAM MANSHARAMANI
Growing resistance to traditional antibiotics may pose a
huge threat to humanity –
http://www.economist.com/news/briefing/21699115-evolution-pathogens-making-many-medical-problems-worse-time-take-drug-resistanceThe Minimum Wage Debate
Microeconomics and the minimum wage debate
Textbook Economics and the Minimum Wage
Where should the federal minimum wage be set?
The Economist summarizes recent research on the
impact on minimum wage hikes:
Minimum Wage and Economic Mobility - A
thought-provoking piece from Ben Casselman:
“Even those who do get a raise often don’t get much of one:
Two-thirds of minimum-wage workers in 2013 were still earning within 10 percent
of the minimum wage a year later, up from about half in the 1990s. And
two-fifths of Americans earning the minimum wage in 2008 were still in
near-minimum-wage jobs five years later, despite the economy steadily improving
during much of that time”
Related:
http://www.bloomberg.com/view/articles/2016-03-18/companies-should-experiment-with-minimum-pay-raises
http://cepr.net/documents/publications/min-wage-2013-02.pdf
http://cepr.net/documents/publications/min-wage-2013-02.pdf
Update
An interesting piece from Noah Smith
http://www.bloomberg.com/view/articles/2016-06-13/a-higher-minimum-wage-won-t-lead-to-armageddon
http://www.bloomberg.com/view/articles/2016-06-13/a-higher-minimum-wage-won-t-lead-to-armageddon
History Lesson – British Rule in Africa
A fascinating piece from The
Chronicle:
“The British had
sought to quell the Mau Mau uprising by instituting a policy of mass detention.
This system — "Britain’s gulag," as Elkins called it — had affected far
more people than previously understood. She calculated that the Mau Mau camps
held not 80,000 detainees, as the official figures had it, but between 160,000
and 320,000. She also came to understand that colonial authorities had herded
Kikuyu women and children into some 800 enclosed villages dispersed across the
countryside. These heavily patrolled villages — cordoned off by barbed wire,
spiked trenches, and watchtowers — amounted to another form of detention. In
camps, villages, and other outposts, the Kikuyu suffered forced labor, disease,
starvation, torture, rape, and murder....
The British government, defeated repeatedly in court, moved to settle the Mau Mau case. On June 6, 2013, Foreign Secretary William Hague read a statement in Parliament announcing an unprecedented agreement to compensate 5,228 Kenyans who were tortured and abused during the insurrection. Each would receive about $4,000. "The British government recognizes that Kenyans were subject to torture and other forms of ill-treatment at the hands of the colonial administration," Hague said. Britain "sincerely regrets that these abuses took place." The settlement, in Anderson’s view, marked a "profound" rewriting of history. It was the first time Britain had admitted carrying out torture anywhere in its former empire.”
The British government, defeated repeatedly in court, moved to settle the Mau Mau case. On June 6, 2013, Foreign Secretary William Hague read a statement in Parliament announcing an unprecedented agreement to compensate 5,228 Kenyans who were tortured and abused during the insurrection. Each would receive about $4,000. "The British government recognizes that Kenyans were subject to torture and other forms of ill-treatment at the hands of the colonial administration," Hague said. Britain "sincerely regrets that these abuses took place." The settlement, in Anderson’s view, marked a "profound" rewriting of history. It was the first time Britain had admitted carrying out torture anywhere in its former empire.”
Wednesday, June 1, 2016
The Case for Study Abroad Programs
Economist Noah Smith makes a strong case in his piece: Young
Americans Would Gain a Lot from Seeing the World
http://www.bloomberg.com/view/articles/2016-06-01/young-americans-would-gain-a-lot-from-seeing-the-world
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