Tag Archives: Thomas Piketty

Feb. 9, 2015 The New Yorker

On Feb. 9, 2015 The New Yorker’s James Surowiecki wrote “A Fair Day’s Wage” about how after the New Deal and until the 1970s, many business paid a living wage, a policy supported by management specialists like Peter Drucker. Today, many companies “treat frontline workers as disposable commodities.” That may be changing. Recently, Aetna’s CEO Mark Bertolini read Thomas Piketty’s book “Capital In The Twentieth Century” and decided to raise his lowest paid workers hourly rate by at least twelve dollars an hour. Bertolini says “It’s hard for people to be fully engage with customers when they’re worrying about how to put food on the table.” MIT’s Zeynep Ton, author of  new book “The Good Job Strategy” says higher wages make “these companies end up with motivated, capable workers, better service, and increased sales.”

Copyright 2015 DJ Cline All rights reserved.

Mar. 31, 2014 The New Yorker

On Mar. 31, 2014, The New Yorker magazine’s John Cassidy wrote “Forces of Divergence” about Thomas Piketty’s “Capitalism in the Twentieth-First Century.”  The book explains the growth of income equality not just in the United States but around the world. Basically, without government controls the rich get richer and the poor get poorer. “If current trends continue, Thomas Piketty sees potentially terrifying consequences.” One proposed solution is an end to tax shelters and global progressive taxation of the wealthy.

Anthony Lane wrote “Candid Camera” about the documentary film “Finding Vivian Maier.” It is the story of a woman who worked as a nanny but took thousands of extraordinary photographs leaving a valuable record of life in the twentieth century.

Copyright 2014 DJ Cline All rights reserved.