Charles Brown to Occupy Economics Facebook page: ; https://www.facebook.com/groups/372946956055502/
4 mins · Edited Working Class Economist Michael Yates mikedjyates lbo-talk.org http://mailman.lbo-talk.org/pipermail/lbo-talk/Week-of-Mon-20140623/000788.html 2:34 PM (20 hours ago) ... See More [lbo-talk] Piketty quote mailman.lbo-talk.org|By michael yates LikeLike · · Share In describing the tremendous rise in the share of US income growth accruing to the richest .1% of income recipients between 2000 and 2010, Piketty reports that "Recent research , based on matching declared income on tax returns with corporate compensation records, allows me to state that the vast majority (60 to 70 percent, depending on what definitions one chooses) of the top 0.1 percent of the income hierarchy in 2000– 2010 consists of top managers. By comparison , athletes, actors, and artists of all kinds make up less than 5 percent of this group. In this sense, the new US inequality has much more to do with the advent of 'supermanagers'” than with that of 'superstars.'” In 2001, that fraudulent hack Martin Feldstein argued in the New York Times that “Why there has been increasing inequality in this country is one of the big puzzles in our field and has absorbed a lot of intellectual effort.” But, this effort has apparently been wasted, since he goes on to say, “But if you ask me whether we should worry about the fact that some people on Wall Street and basketball players are making a lot of money, I say no.” I guess Feldstein never was too good with numbers, given his bullshit "work" on the harmful impact of social security on capital formation. No wonder Piketty said that US economists know nothing about anything. Charles Brown http://www.leftbusinessobserver.com/lbo-talk.html lbo-talk - a mailing list www.leftbusinessobserver.com archive, economics, politics, political economy, postmodernism, identity politic... See More 2 mins · Like · Remove Preview Charles Brown http://en.wikipedia.org/wiki/Michael_Yates_%28economist%29 Michael Yates (economist) - Wikipedia, the free encyclopedia en.wikipedia.org Yates was born in a small coal mining town about 40 miles north of Pittsburgh, P... See More 2 mins · Like · Remove Preview Charles Brown Michael Yates , Solely authored works A Labor Law Handbook. 1st ed. Cambridge, Mass.: South End Press, 1987. ISBN 0-89608-261-X Longer Hours, Fewer Jobs: Employment and Unemployment in the United States. New York: Monthly Review Press, 1994. ISBN 99961-64-03-9 Power on the Job: The Legal Rights of Working People. Cambridge, Mass.: South End Press, 1994. ISBN 0-89608-498-1 Why Unions Matter. New York: Monthly Review Press, 1998. ISBN 0-85345-929-0 Naming the System: Inequality and Work in the Global Economy. New York: Monthly Review Press, 2003. ISBN 1-58367-079-3 Cheap Motels and a Hot Plate: An Economist's Travelogue. New York: Monthly Review Press, 2007. ISBN 1-58367-143-9 More Unequal: Aspects of Class in the United States. New York: Monthly Review Press, 2007. ISBN 1-58367-159-5 In and Out of the Working Class. Winnipeg: Arbeiter Ring Publishing, 2009. ISBN 1-894037-35-9 1 min · Like _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
