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Marketplace of Ideas

Here’s what people are talking about this week:

  • In response to Horace Dediu’s recently published chart of adoption ramps for technology, Matthew Yglesias of Slate makes the point that a robust economy makes for an innovation friendly environment.  [Slate]
  • Discussions about adult children moving back in with their parents abound, but this week, the New York Times reported on a study by Jed Kolko of Trulia that looks at the rate in which parents move in with their adult children.  Not only do foreign born parents, particularly from India and Vietnam, move in with grown kids at a high rate, but, in recent years, the U. S. has seen a surge in this trend among all groups.  As the baby boom generation continues to age, and the economy continues at its lackluster pace, should I be looking for an in-law suite when I buy my next house? [Economix]
  • On Tuesday, Massachusetts state legislators passed a bill establishing the highest state minimum wage in the country: $11 an hour.  Even if the bill doesn’t pass the House, it looks like it will make it onto the ballot in the next election.  As supporters of a higher minimum wage push for raises from Alaska to Washington, D. C., Massachusetts is only one example of a nationwide trend. [Think Progress]
  • If a picture is worth a thousand words, the New Yorker has 6000 words for you on income inequality.  From charts illustrating pre-tax income growth for both the top and bottom earners, to a comparison between the United States and other developed nations’ efforts to close the gap, these charts paint a picture of income distribution in the United States.   [New Yorker]
  • Ben Bernanke speaks to charges that the Fed’s QE efforts have done little to help “Main Street” with some observations about how the bond buying program has helped to create jobs, gotten household finances on track, and contributed to the recovery of the American auto industry.  [Real Time Economics]
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