Portside

This working paper was prepared for a forum on the top one percent to be published in the Summer 2013 issue of the Journal of Economic Perspectives. It is an analysis of the pay of the top 1 percent, specifically CEO's and top financial professionals as a form of "rent." In other words, the pay is not related to the talent or the productive effort of these individuals and if it were cut through taxation, there would be no harm to the economy.

Seven reasons why we should be raising the federal minimum to $15 an hour

Walmart employees consume billions in food stamps each year, but raising their wages to a point where they wouldn’t need them anymore would only increase prices by about 1.4 percent

Lewis’s depicts the kind of high-frequency trading that can transmit stock market information from New York to Chicago and back in one-tenth of the blink of an eye and has divided the world of stock traders into the haves and have-nots, depending on what speeds they can afford.

Sarah Jones: One Woman, Eight Hilarious Characters. Donald Rumsfeld: The Unknown Known. A Dog, a Noun and a Verb. Open Access Explained! Stop Freaking Out About the Debt.

Despite decades of efforts on behalf of equal pay for women, women still earn on average 77 cents for every dollar a man earns. Legislation increasing the minimum wage to $10.10 would narrow that gap by 5 percent

In the 1950s and 1960s, the richest 1 percent took home 9 to 10 percent of total income. Today the top 1 percent gets more than 20 percent.