Tag: Economics

The United States of Inequality

Tim Noah in Slate: In years past, Americans scorned societies starkly divided into the privileged and the destitute. They were repellent. Is it my imagination, or do we hear less criticism of such societies today in the United States? Might it be harder for Americans to sustain in such discussions the necessary sense of moral superiority?

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No-fault divorce benefits women

It is true that women become more likely to work outside the home following the adoption of unilateral divorce laws, but this is not evidence that these laws favor the moneyed spouse. The reason women work more is because unilateral divorce favors the person with the best options outside of the marriage.

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Does immigration cost jobs?

Study after study has shown that immigrants grow the economy, expanding demand for goods and services that the foreign-born workers and their families consume, and thereby creating jobs.

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A moral case for financial reform

The faith community is not a newcomer to this fight. Catholic social teaching, in particular, has long addressed the need for sound economic principles that serve the common good. Amid the global economic collapse of 1931, Pope Pius XI affirmed a positive role for government that tempers the vagaries of the market and stressed the social obligation to pay workers a living wage.

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If you feed them, they will come

It is painful to watch the transitions taking place here in Michigan, the Mitten State, the once proud home of America’s automotive prowess. The parishioners in our pews are facing challenges they never thought they would confront. A number encounter regular furlough days, or have had salaries reduced, or – worse – have lost their jobs.

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Naughty or nice?

The alternatives explain 99.5% of the difference in per capita income between the U.S. and Somalia.

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