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Must read links for 12/9/13

by on December 9, 2013

It is always a pleasure to read Bill Mitchell’s blog.   The Job Guarantee and Minimum Wage. 
“Labour productivity growth provides the “space” for non-inflationary growth in nominal wages because proportional growth in both leaves unit costs unchanged. Another way of saying this is that non-inflationary real wages growth is provided for by productivity growth. There is a very detailed literature on all of this.”

“The gap between real wages growth and labour productivity growth broadly represents the change in distribution of national income away from wages towards profits over this period.”

Tax breaks for businesses not creating jobs.  Study of all 50 states, supply side fail.

It is a screen shot of a magazine article, but it shows a 143 page study that details the failure of giving tax breaks to businesses that promise jobs that never happen.

First moments after waking appear to be our most creative times of the day, study finds:

“When it came to the harder inferences, people who had a night’s sleep between training and testing got a startling 93% correct, whereas those who’d been busy all day only got 70%.

The experiment illustrates that combining what we know to generate new insights requires time, something that many might have guessed. Perhaps more revealingly it also shows the power of sleep in building remote associations. Making the links between pieces of information that our daytime rational minds see as separate seems to be easiest when we’re offline, drifting through the dreamworld.”

Say it aint so Google!  They are now funding right wing think tanks.

“Organizations that received “substantial” funding from Google for the first time over the past year include Grover Norquist’s Americans for Tax Reform, the Federalist Society, the American Conservative Union (best known for its CPAC conference) and the political arm of the Heritage Foundation that led the charge to shut down the government over the Affordable Care Act: Heritage Action.”

Single Payer to be introduced slowly, state by state.

“Despite these doubts—not to mention the Republican-promoted hysterical attacks on the ACA on other grounds—McDermott is actually optimistic. He expects stronger healthcare systems roughly resembling single-payer “to spring up like dandelions” around the country—led by progressive states that really want to make it work. “That’s probably going to happen in Vermont, Washington and Oregon,” he said. “California has tried twice to have a single-payer system and was defeated by the forces of money. Jerry Brown in California, maybe Cuomo in New York, maybe Kentucky. The governor in Oregon, John Kitzhaber, and our governor in Washington, Jay Inslee, all want it to happen.”


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