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Neoclassical Labor Economics: Its Implications For Labor And Employment Law, Michael L. Wachter
Neoclassical Labor Economics: Its Implications For Labor And Employment Law, Michael L. Wachter
All Faculty Scholarship
Whereas law and economics appears throughout business law, it never caught on in legal commentary about labor and employment law. A major reason is that the goals of the National Labor Relations Act (NLRA), the country’s foundational labor law, are at war with basic principles of economics. The lack of integration is unfortunate if understandable. Notwithstanding the NLRA’s normative goal to keep wages out of competition, economic analysis applies as centrally to labor markets as to any other market.
One of the NLRA’s primary goals is to equalize bargaining power. Its drafters envisioned achieving this goal through procedural and substantive …
Poverty In America: Why Can't We End It?, Peter B. Edelman
Poverty In America: Why Can't We End It?, Peter B. Edelman
Georgetown Law Faculty Publications and Other Works
The lowest percentage in poverty since we started counting was 11.1 percent in 1973. The rate climbed as high as 15.2 percent in 1983. In 2000, after a spurt of prosperity, it went back down to 11.3 percent, and yet 15 million more people are poor today.
At the same time, we have done a lot that works. From Social Security to food stamps to the earned-income tax credit and on and on, we have enacted programs that now keep 40 million people out of poverty. Poverty would be nearly double what it is now without these measures, according to …