Third and State

This week at Third and State, we blogged about a new report challenging the conventional wisdom on payday lending, the third anniversary of the last increase in the minimum wage, public policy that shrinks the economy, bizarre claims about income inequality and much more.

• Jamar Thrasher wrote about a Pew Center on the States report showing that payday lending is less frequent in states with restrictive laws and that borrowers tend to use payday loans for recurring expenses — not just emergencies.
• Intern Alan Bowie blogged about the third anniversary of the last increase in the minimum wage and how it has not kept pace with the rising cost of living.
• On income inequality, Mark Price shared a Paul Krugman column catching the Tax Foundation making a bizarre claim about income inequality.
• On jobs and the economy, Mark Price highlighted an insightful Q&A with Professor Peter Cappelli of the Wharton School of Business on his new book Why Good People Can't Get Jobs, and wrote about the danger of public policies that shrink the economy.
• Finally, on the Marcellus Shale, Mark Price highlighted a Patriot-News column eviscerating the U.S. Chamber of Commerce for using suspect job numbers in a Marcellus gas public relations campaign.

More blog posts next week. Keep us bookmarked and join the conversation!