New Data Shows Sharp Spike in US Income Inequality

The CBO report, “Trends in the Distribution of Household Income Between 1979 and 2007″, found that

After-tax income for the highest-income households grew more than it did for any other group. (After-tax income is income after federal taxes have been deducted and government transfers—which are payments to people through such programs as Social Click to Read More

How Seattle Transformed Itself Using Human Capital & The UW

Edward Glaeser uses his NY Times Economix blog to make a fascinating case for the recent transformation of Seattle’s economy chiefly via the consolidation of human capital–a largely local and spatial argument for economic success in a global economy. Citing the UW (along with Microsoft, Starbuck’s, Amazon, etc) as key drivers of the local Click to Read More

Revenue/Expenditure Disparities By County in Washington State

This week’s Seattle Stranger compares Washington state counties in terms of per capita tax revenue generated vs. per capita state expenditures. Not surprisingly perhaps, this exercise reveals significant disparities between the huge and relatively wealthy counties west of the cascades and the struggling counties east of the mountains. As the article argues, Click to Read More

The Urgent Need for Job Creation

The Center For Economic Policy and Research just came out with the grim scenario that “normal” levels of employment won’t return to the US until at least 2021. If this is true, and we are indeed living through The Great Recession,  how should this effect the way economics (and economic geography) Click to Read More