The most popular explanation for the steep rise in inequality over the last four decades is developments in technology. As the story goes, technology increased demand for sophisticated skills while diminishing the need for manual labor. This explanation has the advantage over competing views -- l...
Hint: it involves all those long hours you’re working! Imagine you take a new job. You get a boost in pay, but are now working longer hours. How do you adjust? If you live out in the suburbs, you might put that extra income toward housing that’s closer to your place of work. Shortening ...
If you want your kids to grow up to be strong earners, your location matters – much more, in fact, than researchers previously thought. For example, if you’re very low income raising children in the Seattle area, it’s better to live in Snohomish County than in Pierce County or Skagit County. ...