By Laura Magna “Cinque anni dopo la fine ufficiale della Grande Recessione, i profitti delle imprese sono alti, e il mercato azionario è in piena espansione. Eppure la maggior parte degli americani non stanno condividendo questo recupero: mentre lo 0,1%…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
The coin of the realm: How inside traders are rigging America
By Robert Reich “A few years ago, hedge fund Level Global Investors made $54 million selling Dell Computer stock based on insider information from a Dell employee. When charged with illegal insider trading, Global Investors’ co-founder Anthony Chiasson claimed he…
Quote of the day – on tax and technological innovation
By Nick Shaxson “From Prof. William Lazonick, a widely renowned U.S. analyst of what makes successful companies: “All of the technologies in the iPhone – things like touch-screen technology, GPS, and so on — originated with government spending, funded by taxpayer money.”… [Click…
Here’s Why Wages Aren’t Rising
By Jens Erik Gould “It was, for decades, almost an economic truism: whatever direction the unemployment rate took, wage growth went in the other. When unemployment rose, wage growth stalled. When unemployment fell, wage growth picked up again.”… [Click HERE…
Moocher CEOs
By Leo Gerard “Holiday bells are silent in the homes of America’s struggling working poor, even with gasoline prices at their lowest levels in years. These are people derided as moochers because their starvation wages force them to accept food…
How Superstar Companies Like Apple Are Killing America’s High-Tech Future
By Lynn Parramore “William Lazonick, professor of economics at the University of Massachusetts Lowell, and Matt Hopkins, research associate at the Academic-Industry Research Network, have investigated how the technology knowledge base gets created, what has gone wrong in America’s approach…
Skill Development and Sustainable Prosperity: Cumulative and Collective Careers versus Skill-Biased Technical Change
By Institute for New Economic Thinking (INET) “With the widespread plant closings of the 1980s, the loss of these “middle-class” employment opportunities was confined largely to blue-collar workers with high-school educations. As a group, members of the U.S. labor force with…
The driving force behind runaway inequality
By Les Leopold “Runaway inequality is destroying the American Dream. Is it too late to save it? That depends on what is really driving inequality. In the 1960s the gap between CEOs and the average worker was 20 to 1….
Could maximizing shareholder value be the ‘dumbest idea in the world’
By Proinsias O’Mahony “The idea that a company’s primary purpose is to enrich its shareholders is the “dumbest idea in the world”, according to high-profile GMO strategist James Montier, who warns that the so-called shareholder value model is “creating and storing up economic…
Whatever happened to overtime?
By Nick Hanauer “If you’re in the American middle class—or what’s left of it—here’s how you probably feel. You feel like you’re struggling harder than your parents did, working longer hours than ever before, and yet falling further and further…
