"Analysis by the National Bureau of Economic Research found that women earn less as their childrearing responsibilities escalate," writes Joanne Cleaver. "While women earn less from the start, the gap becomes a chasm for women in their 30s. By about age 37, women with college degrees start to earn less than men without college degrees."
After exploring the issue, Clever concludes that "Flexible work must not come at the price of equitable pay. Employers need to analyze pay equity not just by gender and tenure, but also by work arrangement."
"Critiques of the modern economy have some validity," writes Noah Smith. "But in the rush to bash capitalism — or to capitalize on the sudden unpopularity of the term — the critics haven't done a good job of defining what capitalism means. Does it mean private property? Private ownership of industry? Market economies? Public asset markets and joint-stock ownership? Often, the term capitalism seems like simply a stand-in for whatever market-like features of modern economies someone doesn't like." Before dismantling capitalism, he argues, it would be best to define it and address areas in need of adjustment.
The vast majority of the prodigious 2020 Democratic field, says Doyle McManus, are not the socialists Trump and his base are painting them as. With the exception of Bernie Sanders, he says, each candidate is simply proposing ways to make American capitalism more just and beneficial for more Americans — a goal that some economists think is possible to accomplish through policy without impeding economic growth.
While Facebook isn't changing anything about its flagship social network, it's new efforts to increase user privacy are focused on integration and encryption of it's Instagram, WhatsApp and Messenger services, says the L.A. Times Editorial Board, which hopes the step will inspire other internet companies to take steps to reduce data-mining of customers.
Michael Hiltzik of the L.A. Times writes that a new study has found that Trump-enacted tariffs have been costly for U.S. consumers — and especially hard on producers in America's agricultural heartland, where many of his most ardent supporters reside. According to trade experts, he says, Trump's trade war with China is "based on fundamental misunderstandings of how international trade works, little consistency in applying tariffs to products or sectors, and little consideration of how the trade war would affect the economy."
"As long as he's the one doing it, our so-called capitalist President loves using government money to prop up private business," writes the New York Daily News, pointing out Trump's many actions that have run contrary to free-market principles. Google it, says the paper's editorial board.
"The idea of handing out an equal lump sum of free money to all with no strings attached isn't just a pet project of woolly-headed leftists," says historian Stephen Mihm. Since the late 18th century, universal basic income has been seen as a way to get rid of welfare entirely, which could explain why it has attracted such an eclectic group of supporters over the centuries — Thomas Paine, John Stuart Mill, Friedrich Hayek and Milton Friedman, to name a few — and may account for its renaissance today.
Kathleen Kennedy Townsend and Randi Weingarten are on a mission "to ensure that all Americans can retire and live out their lives without fear of destitution." They say the recent federal shutdown highlighted how few Americans have savings to fall back on and support implementation of guaranteed retirement accounts — into which employers and employees make regular deposits.
Timothy O'Brien commends Jeff Bezos for standing up to blackmail and extortion attempts by American Media Inc. and its publisher David Pecker, after AMI threatened to reveal potentially embarrassing photos of the Amazon.com founder unless he called off an investigation into the National Enquirer and its sources.