Economics 101 at AP:

Rising productivity means that employers can boost salaries because of workers' increased efficiency. It is the single most important factor supporting rising living standards.

Sure, they can. And weasels could fly out of my butt.

They could also cream off the profits from our harder and harder work for themselves. Which is exactly what's been happening for the last 30 years, as real income has been flat for all but the top 1%.

There's two words I'd really like to start hearing from Democrats: Read more…

Tula, Mike and the gang run a great blog, and I need to link to it more often. As the minimum wage bill works its way through the halls of Congress, this post reminded me of a couple of points we need to talk about more:

Opponents of a clean bill to the raise the minimum wage—which is at its lowest buying power in more than 50 years—claim that without a multibillion dollar tax break lifeline, the nation’s business community faces economic disaster. We are not the only ones who say that is balderdash. Read more…