Planning the Anti-Recession Stimulus: The Make Work Pay Tax Credit
3 minute read Dean Baker. macroeconomist and senior economist at the Center for Economic and Policy Research in Washington, D.C offers important policy guidance
Technology Is NOT driving Inequality: An Explanation that Even Economists Can Understand
8 minute read "The ending of patent and copyright protections would unambiguously send demand for these highly-skilled people through the floor. If we believe in markets, then the plunge in demand should also send the wages of people with college and advanced degrees in science, engineering, and other STEM areas through the floor," writes Dean Baker, Center for Economic and Policy Research, Washington D.C. (Feb 5th, 2020)
NAFTA was about Redistributing Wealth to the TOP
"No one who followed the debate at the time should have been in the least surprised by the loss of high paying union manufacturing jobs to Mexico, that is exactly the result that NAFTA was designed for," writes Dean Baker, Center for Economic and Policy Research, Washington D.C. (Dec. 4th, 2019)
Elizabeth Warren Goes After Big Pharma’s Big Bucks on Medicare For All (Quick Read)
"Ending a patent monopoly will typically reduce the price of a drug by 90 percent or more," writes Dean Baker, Center for Economic and Policy Research (Nov. 20th, 2019)
CEO of Facebook Mark Zuckerberg is a Rich Jerk
"Imagine if we turned to LeBron James, a truly great basketball player, to get advice on how best to deal with global warming. LeBron is a smart guy, but no one would expect him to have special insights into dealing with global warming, in spite of his incredible skills on the basketball court. In the same vein, why would anyone think that Zuckerberg would know or care about how Facebook should be run in a way that protects democracy?" writes Dean Baker, Center for Economic and Policy Research, Washington D.C. (Nov. 6th, 2019)
Job Losses have more to do with Trade Policy than Automation
"The number of manufacturing jobs was little changed from 1970 to 2000. From 2000 to the end of 2007 (before the Great Recession) we lost 3.4 milllion manufacturing jobs as the trade deficit exploded. Fans of logic and arithmetic might think there is a connenction there," writes Dean Baker, Center for Economic and Policy Research, Washington D.C. (Oct. 23rd, 2019)