Economic Progress

10 must-read economics stories of the week

A recent paycheck for Delores Leonard shows her hourly wage of $8.25 for working at a McDonald's Restaurant, the minimum wage in Illinois, in Chicago, Illinois, September 29, 2014. Leonard, a single mother raising two daughters, has been working at McDonald's for seven years and has never made more than minimum wage.

Image: REUTERS/Jim Young

Jennifer Blanke
Member of the Board, Syngenta Foundation for Sustainable Agriculture
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Economic Progress

A list of some of the week’s most interesting stories on economic growth and social inclusion

Facts and figures. Just about half of 30-year-olds in the US earn more than their parents did at a similar age – down from close to 100% forty years ago. (Wall Street Journal)

Image: The Wall Street Journal

Trump’s tax plans favour the rich and will hamper economic growth, writes Lawrence Summers. (Financial Times)

The potential of big data for growth still remains unexploited. A new report points to leaders and laggards in reaping the benefits of analytics. (McKinsey Global Institute)

Why should all companies become B Corps? (HBR)

Italy’s referendum was the latest in a sweep of meaningful domestic democratic decisions with international repercussions. What does it mean for Europe? (Knowledge@Wharton)

In a move to curb earning inequality in companies, Portland has introduced a new tax. How does it work? (New York Times)

Globalization needs to be made more inclusive to avoid negative consequences. How? (Vox EU)

A new coalition is committing $10 million over the next two years to explore how a Universal Basic Income could “ensure economic opportunity for all”. (Quartz)

Meanwhile, a Canadian province is already piloting a universal basic income. (Independent)

For some Christmas reading, Martin Wolf compiled a list of the best economics books of 2016. (Financial Times)

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Revised figures for US Q4 growth, and other economic stories to read

Joe Myers

March 1, 2024

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