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(Cross-posted from the blog John Wilson Unleashed):

“Newt’s Half-Baked Idea
By John Wilson

Have you ever tried to bake a cake but had it flop because you took it out of the oven too early? Underbaked cake is mushy and gooey, difficult to correct, and hard to swallow. That is my mental model of Presidential hopeful and former Speaker of the House Newt Gingrinch’s idea on teaching poor children a work ethic. But it’s even worse than half-baked; it’s outrageous, and offensive. Read More

It’s no secret that unions have become a much diminished economic and political force in the US over the past four decades.  Between 1973 and 2007, union membership in the private sector fell from 34 percent to 8 percent among men in the US and from 16 to 6 percent among women.

A new study by economists Bruce Western and Jake Rosenfeld demonstrates that this substantial decline in unionization in the US has played a much bigger role in growing income inequality than previously thought.  In fact, the researchers found that,

…deunionization explains a fifth of the inequality increase for women, and a third for men. The decline of organized labor among men contributes as much to rising wage inequality as the growing stratification of pay by education. Read More