Let's start the new year with the big picture. An overview of the structural economic challenges Michigan faces if we are to have an economy that as it grows benefits all. Redefining economic success. First is understanding that even though…
In a must-read New York Times article entitled Finland is a Capitalist Paradise, Anu Partanen and Trevor Corson describe a path for America to become a place with a capitalism that results in shared prosperity. Finland has rejected the notion…
When its comes to wages and benefits Michigan used to be among the top states. No more. The state has fallen from 8th in 1990 to 21st in 2018. Michigan has gone from $3,743 above the nation on average compensation…
Salesforce chairman and co-C.E.O Marc Benioff in a New York Times op ed entitled We Need a New Capitalism becomes another capitalist advocating for big changes in American capitalism. He writes: To my fellow business leaders and billionaires, I say…
Governor Whitmer framed her announcements of expanding access to food assistance, cash assistance and State Emergency Relief and to increase the number of workers eligible for overtime pay in terms of helping Michigan’s ALICE households. This is exactly the approach…
Important New York Times op ed by Allstate CEO Tom Wilson entitled Save capitalism by paying people more. What makes this so important is the explicit call from a big company CEO that corporate America needs to pay higher wages.…
Michigan's core economic challenge is there are too many low-wage jobs. It is the primary reason for the Michigan Association of United Ways finding that a way too high 43 percent of Michigan households in a strong economy cannot pay…
In an article for the Atlantic Seattle entrepreneur and venture capitalist Nick Hanauer writes: "Like many rich Americans, I used to think educational investment could heal the country’s ills—but I was wrong. Fighting inequality must come first." Hanauer, as we…
As a culture we celebrate small business. There are many reasons why we should. It certainly is one of the paths to economic success for those who create a long term successful enterprise. And small business are a source of…
This is our third recent post on reforming capitalism so that it works for all. The first featured the writings of hedge fund billionaire Ray Dalio on the reality for forty years growth in the American economy has not benefited…