R.W. Hafer http://news.stlpublicradio.org en Commentary: Working Women Explain Much Of The Change Since 1960 In Income Distribution http://news.stlpublicradio.org/post/commentary-working-women-explain-much-change-1960-income-distribution <p>Income inequality in the United States is a hot-button political issue in this mid-term election year. Advocates for substantial increases in the minimum wage, for instance, believe that imposing higher wages on employers will reduce poverty and lessen income inequality. The evidence just does not justify this claim. Workers who remain employed after the increase are made better off on the backs of those workers who face reduced hours or unemployment following government-mandated wage hikes.</p> Tue, 04 Mar 2014 03:42:19 +0000 R.W. Hafer 34127 at http://news.stlpublicradio.org Commentary: Working Women Explain Much Of The Change Since 1960 In Income Distribution Commentary: Capitalism Is Not Causing The Crisis http://news.stlpublicradio.org/post/commentary-capitalism-not-causing-crisis <p>“Capitalism is the crisis.” So read a banner hung off of an overpass on eastbound Interstate 44 heading toward downtown St. Louis. But what did it mean?</p><p>Capitalism is characterized by private as opposed to government ownership of the capital used in the production and distribution of goods. This is done in the pursuit of profit.</p> Wed, 29 Jan 2014 16:23:03 +0000 R.W. Hafer 33294 at http://news.stlpublicradio.org Commentary: Capitalism Is Not Causing The Crisis Commentary: Temper The Economic Optimism For 2014 http://news.stlpublicradio.org/post/commentary-temper-economic-optimism-2014 <p>The end of the year is always a time to take stock of what has transpired during the past year and what is likely to happen in the one about to begin.&nbsp; Let’s do so by considering several key economic measures.</p><p>Economic expansion limped along for another year.&nbsp; Gross Domestic Product (GDP), adjusted for inflation, is the best measure of the economy’s total output. It increased this year, but not nearly as fast as many would hope, especially three years out form the end of the Great Recession.</p> Mon, 30 Dec 2013 03:06:03 +0000 R.W. Hafer 32499 at http://news.stlpublicradio.org Commentary: Temper The Economic Optimism For 2014 Message to A-B fanatics: We're in a world economy http://news.stlpublicradio.org/post/message-b-fanatics-were-world-economy-2 <!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "https://www.w3.org/TR/REC-html40/loose.dtd"> <html><body> <p> The possible takeover of Anheuser Busch by the Belgian brewer InBev has sparked the predictable political outcry. </p> <p> Claire McCaskill, the junior yet up-and-coming Democratic senator from Missouri, announced that she would block the takeover. Supporting the deal wouldn&rsquo;t be &ldquo;patriotic.&rdquo;&nbsp; </p> Wed, 18 Jun 2008 04:00:00 +0000 R.W. Hafer 37234 at http://news.stlpublicradio.org