At roughly 39% (including state taxes), the U.S. corporate tax rate is the highest among developed countries. Also, the United States is one of the few countries still taxing the active foreign-source income of its corporations.
This chart tells you quite a bit of information. It plots the ratio of the level of unemployment and the level of job openings—in other words, it reports how many job seekers there are for every job opening.
Viard discusses recent assertions that corporations are subsidized when they claim ordinary business expense deductions for payments of performance-based executive compensation.
Flexible work arrangements help employers meet variability in market demand and provide employment opportunities for individuals who cannot work a rigid schedule.
The Seattle City Council is very pleased with itself. Answering President Obama’s call to address what he has decided is “the defining issue of our time” – income inequality – the Council voted unanimously last week to raise Seattle’s minimum wage to $15 per hour.
Makin reviews Piketty’s Capital in the twenty- first Century, and finds that Piketty’s argument fails once distortions of data are adjusted. In fact, higher taxes, proposed by Piketty, wopuld increase income inequality.
As concerns about the financial fate of Puerto Rico grows, attention has turned to an $8.5 billion bank, which may be the key to whether this island of 3.7 million people flourishes or self-destructs.
The Great Recession has been particularly hard on older workers. Therefore, the government must intervene with carefully crafted policy to level the playing field for older workers. Job-placement services, employee-based subsidies, and start-up subsidies are the most promising options to help the older long-term unemployed find jobs.