Great catch here by one of my favorite Wall Street economists, Michael Feroli of JPMorgan: One of the principal strengths of the usual weekly earnings report is the demographic details it contains regarding wage growth. In particular, the 90-10 ratio … read more
Airbnb, the home-rental company, is a great story about the Internet economy and disruptive innovation. It and Uber are examples of new firms that have, as BloombergBusinessWeek puts it, “upended traditional business models and allowed creators of content to connect … read more
The good news about the current economic recovery is that it is continuing. GDP is rising, jobs are being created. Of course, the pace has been quite slow. From the WSJ: The National Bureau of Economic Research, the semiofficial arbiter … read more
From Veronique de Rugy at Mercatus. Follow James Pethokoukis on Twitter at @JimPethokoukis, and AEIdeas at @AEIdeas.
This New York Times headline “Hollywood Begs for a Tax Break in Some States, Including California” was all I needed to read about this notorious and indisputably bad idea. From the Center on Budget and Policy Priorities: State film subsidies … read more