Saturday, July 18, 2015

Saturday Morning Links

Assorted content for your weekend reading.

- Barbara Tasch writes about the IMF's latest research on growing inequality in developing and developed countries alike. And Michael Krassa and Benjamin Radcliff study the impact an improved minimum wage can have on economic well-being:
Simply stated, as the minimum wage increases, the economic wellbeing of the national population rises. Statistically speaking this relationship is a strong one, significant at the .001 level.
Here’s the bottom line: Regardless of the size of a country's economy, its current economic situation, or the time frame chosen, people lead better lives as the minimum wage increases.

Although correlation does not prove causation, the evidence we have assembled strongly suggests that higher minimum wages do indeed work to the financial betterment of society as a whole. Even if some low-wage jobs disappear as minimum wages rise, the end result is greater economic security and prosperity overall for people who live and work in countries with the higher minimums.
- Daniel Angster points out Barack Obama's efforts to make sure that big money in U.S. politics can be traced back to its origins. But David Cay Johnston discusses how Koch-funded judges are going out of their way to prevent any investigation into Scott Walker's illegal coordination with corporate actors. And the CP reports that corporations which made illegal donations to Con Peter Penashue are being let off without meaningful consequences.

- Meanwhile, Matt McClure exposes the massive amounts of corporate taxes left uncollected in Alberta before the business-dominated PCs finally lost power.

- Stephanie Levitz reports that the Cons' cuts have resulted in Canada breaking its promises to accept refugees. And Antonia Zerbisias writes that neither newly-arrived immigrants nor life-long Canadians can feel safe in due to the introduction of two-tiered citizenship.

- Finally, Paul Mason offers an intriguing look at how our economy may shift away from our current model of corporate-dominated capitalism to a model where shared information and abundance serves as a platform for increased individual freedom.

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