What Happens When You Don't Need Labor?

The Atlantic asks.

And a radical solution is proffered in the Financial Times.

omg OMGPOP!

Great story about Dan Porter, who hired back laid-off employees between the launch of Draw Something and the $210M sale of OMGPOP to Zynga, so they could reap the benefits of the sale.

Where Economists Agree

According to Megan McArdle, for the Atlantic, "there have been several issues where this ideologically diverse group of economists have shown resounding unanimity. "

1. NAFTA, on the margin, is good.
2. Gas prices aren't affected by government policies.
3. The stimulus and bailouts lowered unemployment.
4. The Gold Standard is not a good idea.

and also: rent control is bad, congestion pricing is good, eliminating tax deductions and lowering rates is efficient, and the tax deductibility of healthcare creates consequential distortions.

Unsurprisingly Alarming Numbers

I can't tell which is worse: These numbers on income inequality, or the fact that I'm non-nonplussed.

2012 is an election year. The first, and most important, step we can take to make sure that the trends reverse course is to elect officials who will write and pass laws to that end.