Economists' blogs

A Warning from 1994 of a Two-Tiered SocietyAs secretary of...

A Warning from 1994 of a Two-Tiered SocietyAs secretary of labor, I thought it important to explain why the Democrats had lost both the House and the Senate in the 1994 midterm elections. I attributed it to the fact that many middle class Americans felt angry and frustrated about not getting ahead, and they took it out on Democrats who had been running Congress for many years. I took a lot of heat for this speech 29 years ago. Watch and tell me if I was wrong.

Why We Need to Ban College Legacy AdmissionsChildren of the...

Why We Need to Ban College Legacy AdmissionsChildren of the super rich are more than twice as likely to get into America’s most elite universities as middle-class students with the exact same test scores. This fast-tracks them to become the next generation of CEOs and lawmakers, and helps keep wealth and power in the hands of people who started out wealthy and powerful.

Why Does Flying Suck so Much? You might not believe this, but...

Why Does Flying Suck so Much? You might not believe this, but I’m old enough to remember when flying was fun.Now I’m sure you’ve got your own airline horror stories, which I hope you’ll share. But what happened to make flying such a nightmare?The answer is simple: the same things happening across most industries. In fact, a close look at airlines reveals five of the biggest problems with our economy.

It’s Time to Roast Starbucks For Union BustingStarbucks should...

It’s Time to Roast Starbucks For Union BustingStarbucks should be getting publicly roasted for union busting and refusing to even negotiate with unionized workers.You see, if there’s one thing I love more than coffee, it’s unions. Because unions perk up pay. And if there’s one thing I hate more than corporations who try to bust unions, it’s having to make my own coffee every morning.I may be known for a lot of things, but making a good cup of coffee isn’t one of them.

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