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Productivity and pay are linked – A rising tide still lifts all boats

Possibly the main debate in economic policy today is growth vs redistribution: who gets how much of the cake, or should we try to bake a bigger cake? Arguments in favor of redistribution have rested on the idea that growth - a bigger cake - benefits only very few people. This research shows that to be untrue. A rising tide still lifts all boats. ...

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Counterpoint: Article on CEO pay lacked balance, perspective

Creating value does not hurt the poor; it makes everyone richer.  This counterpoint originally appeared in the Star Tribune on August 23, 2019. The Star Tribune missed an opportunity to achieve balanced reporting in “Worker pay stagnates as it soars for CEOs” (August 19). The article amounted to an uncritical summary of a report produced by the left-wing Economic Policy Institute, without any alternative research or viewpoints. First, the piece failed to reveal the Economic Policy Institute (EPI) is largely funded and run by labor unions and left-wing academics. EPI is described as a nonprofit think tank “that focuses on low- and middle-income...

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Should we worry about a ‘labor shortage’ or rising unemployment in Minnesota?

Over the last year Minnesota has added more people but fewer jobs that the nation as a whole. The number of Minnesotans not working - either unemployed or out of the labor force entirely - has risen, while it has fallen nationally. Perhaps it is time to refocus our attention away from the supposed 'labor shortage' and towards our growing unemployment problem. ...

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Minnesota has the fourth most expensive childcare in the country. Is this lowering female employment?

A new study finds that Minnesota ranks 4th out of 50 states and the District of Columbia for most expensive infant care. Child care expenses are a real problem for families and even moderate earners in our state. It is highly likely that they account for some of our state's lagging performance on female employment....

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Minnesota – Above average for population growth, below average for employment growth, top for unemployment growth

In the year from June 2018 to June 2019, Minnesota ranked 17th nationally for population growth, 34th nationally for employment growth, and 1st nationally both for the increase in the number of unemployed and the percentage point rise in our unemployment rate. ...

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