Criada en medio del estancamiento salarial y el auge de los mercados, la generación Z invierte más que las generaciones anteriores. Pero para la gran mayoría es poco probable la superación de la brecha económica por esa vía.| Jacobin Revista
I generally write in order to get ideas out of my head, making room for new ones in the process. It's a way of reassembling my data points, validating my conclusions, throwing in supporting research, and making a comprehensive argument to myself (and any readers) about something before shelving it| A Dinosaur In Space
A pareto-improving activity if ever there were one| mistakesweremade.substack.com
Larry Mishel and Josh Bivens, Economic Policy Institute There is now widespread acceptance across the political spectrum that the typical worker’s wages have grown very slowly or been stagnant for several decades but a consensus narrative explaining wage stagnation has not developed yet. [togglable text="expand abstract"] The frequently invoked conventional explanations attributing wage problems primarily to automation and, somewhat, to globalization, cannot actually explain key wage develo...| Economic Policy Institute
CEO pay dipped in 2022 but remains enormous compared with the pay of other workers. CEOs are granted massive compensation packages by corporate boards because of their bargaining power, not because of their skills. CEOs’ exorbitant payouts have far outpaced the pay of typical workers over decades.| Economic Policy Institute
Nineteen thoughts about “generative artificial intelligence,” spanning a few centuries.| ethanmarcotte.com
AI. It’s the talk of the town (or at least this year, that is). I’ve been in dozens of conversations about AI in recent days. The likelihood that the next big feature or product I build involves AI seems to be going up. No idea where it’s all headed – and reserve the right to change my mind – but a dozen conversations leaves me with a dozen or so disparate thoughts about this new frontier of technology.| daverupert.com
Inequality in earnings between America's most affluent and the rest of the country continue to grow year after year.| Inequality.org
In this report, we document the correlation between higher levels of unionization in states and a range of economic, personal, and democratic well-being measures. In the same way unions give workers a voice at work, with a direct impact on wages and working conditions, the data suggest that unions also give workers a voice in shaping their communities. Where workers have this power, states have more equitable economic structures, social structures, and democracies.| Economic Policy Institute
What this report finds: Corporate boards running America’s largest public firms are giving top executives outsize compensation packages that have grown much faster than the stock market and the pay of typical workers, college graduates, and even the top 0.1%. In 2021, we project that a CEO at one of the top 350 firms in the U.S. was paid $27.8 million on average (using a “realized” measure of CEO pay that counts stock awards when vested and stock options when cashed in). This 11.1% incr...| Economic Policy Institute