Does dismantling barriers to moving production offshore mean that jobs will actually flee to low-wage countries? The labor movement says yes, but many mainstream economists reject this “pauper labor argument,†insisting that wages are low only where productivity is low, and so low...

One cause of increasing polarization of income and wealth in the United States has been the shift in taxation, with corporate income tax revenues declining and individual income tax revenues rising as a share of total tax revenues. This change flows in part from a rise in the use of tax haven...