What We Read Today 16 August 2014

August 16th, 2014
in econ_news, syndication

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

  • Wage Gap Widens from Recession as Income Inequality Grows (Press release, The United States Conference of Mayors) Hat tip to Rob Carter. Jobs gained during the economic recovery from the Great Recession pay an average 23% less than the jobs lost during the recession. The average annual wage in sectors where jobs were lost during the downturn was $61,637. New jobs gained through the second quarter of 2014 showed average wages of only $47,171. This wage gap represents $93 billion in lost wages, corresponding to more than 0.5% lower GDP, assuming no multiplier effect.

Follow up:

  • There's a Suicide Crisis in America (Stephen Marche, Esquire) Robin Williams is the latest face on what has become the leading cause of death from injury in the U.S. Two years ago suicide surpassed car accidents to take over top spot for the first time ever. See next article which says the change occurred four years ago.
  • Suicides More Common than Traffic Deaths (Crystal Phend, MedPage Today) Four years ago traffic fatalities fell to second place as a cause of death due to injury, replaced by a new number one: suicide. In addition accidental poisoning climbed into third place pushing homicide down to number four. Of course, the number of deaths that are ruled accidental poisonings that are possibly suicides is anyone's guess.


  • Do We Look Fat in These Suburbs? (James Hamblin, The Atlantic) People who live in densely populated cities with interconnected streets are thinner and much healthier than those living in suburban sprawl. The reason? The city folks walk more.

There are 12 articles discussed today 'behind the wall'.

Today we include discussion of three articles about the prospects for the gold market and four articles about corporate income taxes (last 7 articles).

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