Economy

A $15-Per-Hour Fast-Food Wage Gets the Time of Day

The second in an occasional series on reducing inequality

In the first post in this series, I suggested that American elite opinion might actually be swinging towards the need to take some long-overdue — and obvious — steps to reduce inequality, including raising area-wide wages in low-paid service industries through policy or by allowing workers to form area-wide labor unions.

Are Economic Elites Awaking to the Need to Do Something About Inequality?

The first in an occasional series on reducing inequality

Are American opinion leaders and policymakers finally ready for a serious effort to reduce economic inequality and rebuild opportunity in America?

In a series of blog posts, we will point to growing evidence that they might be, thanks to a powerful mix of unrelenting data on economic polarizations and worker campaigns demanding a change. Better late than never.

In this first entry, I want to set up the series with some context.

Many Core Drilling Jobs Existed Before Emergence of Hydrofracking

It’s been nearly two weeks since we released a report with the Multi-State Shale Research Collaborative finding that drilling in the six states that span the Marcellus and Utica Shale formations has produced far fewer new jobs than the industry and its supporters claim.

California Conservative Proposes $12 Per Hour Minimum Wage

Last week, The New York Times reported that Ron Unz, a conservative Silicon Valley millionaire and past Editor of The American Conservative, favors increasing California's minimum wage to $12 per hour.

The arguments he is making explain why a much higher minimum wage strengthens the economy and benefits taxpayers, and progressives should capitalize on his support to amplify these arguments in their own advocacy.

A Shift in Drilling from Pennsylvania to Ohio

To follow up on my blog post Monday, here is a look at how shale drilling has shifted from Pennsylvania to Ohio and other areas with growth in shale oil production beginning in 2012.
A Shift in Drilling from PA to OH

Shale Drilling Highly Sensitive to Price, Meaning Job Gains May Not Be Lasting

Natural gas drilling in the six states spanning the Marcellus Shale is highly sensitive to price fluctuations. High prices fueled shale development from 2000 to 2008. As prices have declined, gas drilling activity has slowed while development of higher-priced oil has accelerated.
Drilling for Natural Gas Fluctuates with Natural Gas Price

Little Good News for PA Jobs in September and October

One of the many lingering side effects of the shutdown of the federal government in October was a delay in the release of Pennsylvania jobs data for September. Today the Bureau of Labor Statistics gives us our first look at the September jobs numbers along with preliminary numbers for October. (The Pennsylvania Department of Labor and Industry has yet to release its own summary.)

The job numbers were all around disappointing.

Six-State Study Finds Industry Supporters Exaggerated Jobs Impact of Shale Drilling

Drilling in the six states that span the Marcellus and Utica Shale formations has produced far fewer new jobs than the industry and its supporters claim. In fact, in Pennsylvania, shale-related employment accounted for less than half a percent of total nonfarm employment in 2012 (as the figure to the right shows).

Business Tax Cuts Slow PA Revenue Growth Creating Future Budget Gaps

The Pennsylvania Independent Fiscal Office (IFO) released its five-year economic and budget outlook on Thursday, and the picture is not pretty.

Just the Stories ... Debating the Commonwealth Foundation on Minimum Wage

"Just the Facts" is a catchphrase the Keystone Research Center and other progressive economic think tanks use to capture our commitment to grounding advocacy for progressive values and policies in solid data and research.

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