1. Income inequality is at the root of most of America’s major socioeconomic problems, truly the radioactive element that causes the body politic to decay.
     


  2. TheWeek.com is hiring!

    TheWeek.com is seeking an entry level digital production assistant to join our growing team in New York City. The ideal candidate will be a hard-working, super-enthusiastic, digitally savvy journalist eager to learn about and contribute to nearly every aspect of our digital operation. This person will assist our social media editor with our Twitter/Facebook/Tumblr presences, help manage our various partnerships with other media organizations, help edit our daily podcasts, take on a big role in producing our weekly iPad edition, oversee CMS production and workflow, and do some writing, too.
    This person will work out of our New York office from roughly 8:30 a.m. to 5:30 p.m. every weekday and be paid a competitive hourly wage. Like all opportunities with us, the sky’s the limit for future growth. We love to promote from within.
    To apply, please send your resume and cover letter to jobs@theweek.com, and use the subject line “Digital production assistant.”
     


  3. "There is no equality of opportunity in the U.S., nor anything remotely approaching it. Children’s outcomes are closely correlated with the incomes of their parents, more so in fact than almost every other similarly developed country. Year-to-year economic mobility is also very uncommon.

    Since vigorously celebrating equal opportunity that does not actually exist has not managed to soothe the masses, a new tactic has evolved: dismissing the whole inequality discussion as an unfortunate bout of envy.”

     


  4. "Despite lawsuits, the unpaid internship has come to seem like an inevitable fact of life. Some entry-level jobs, we hear, are too glamorous to pay. We learn that most young people, while eager, just aren’t prepared for the workforce. We are led to believe that the economy is still too weak to hire them; businesses want to pay, but budgets simply have no room.

    These three givens are actually myths, understandably embraced by employers, yet, more mysteriously, accepted as fact by the rest of us. So allow me to dispel them one by one.

    Phoebe Maltz Bovy, in The 3 big myths propping up unpaid internships

     

  5.  


  6. If you’re lucky enough to have a job, you probably work extremely hard. Thanks to the power of technology and successive waves of downsizing, people today are doing the work that it took two or three people to perform decades ago. Employees put in frequent 10-hour days to meet their bosses’ demands, and often work remotely from home on nights and weekends. With productivity continually climbing, corporate profits have soared to all-time highs; the stock market gained more than $6 trillion in value in 2013. Yet Americans’ real disposable income went up a mere 0.7 percent the same year. What happened to the workers’ raises? Don’t ask. Remember: You’re lucky just to have a job.
    — William Falk, in The real cause of income inequality
     


  7. A bit of moderate inflation is no big deal — the Fed has the tools to easily rein inflation back in if it rises above the central bank’s target rate. In fact, a little inflation could even help matters, by eroding household debt burdens and reducing real interest rates.

    On the other hand, mass unemployment is an ongoing economic and humanitarian catastrophe.

    It’s like if your house is on fire, and you’re worried that spraying it with a firehose might break some windows. Maybe true! Also a terrible set of priorities!

     

  8. MIKE LUCKOVICH  Copyright 2014 Creators Syndicate 

    The week’s best editorial cartoons

     


  9. If Congress were to pass a plan backed by President Obama to raise the minimum wage from $7.25 an hour to $10.10 an hour — a hefty 39 percent hike — it would result in a significant reduction of the poverty rate among Americans between the ages of 18 and 64, and raise about 4.6 million people out of poverty.
     


  10. The Week is hiring!

    The Week magazine is hiring a Senior Editor.  Interested parties should contact Karen Danzinger at KDanziger@hsksearch.com.  Description below:

    Senior Editor

    The Senior Editor for The Week is a versatile writer with sophisticated writing skills, the ability to write quickly and concisely, and good news judgment. This editor will join the team of smart, versatile writer/editors in curating news and opinion for the very successful magazine, helping to select stories, and writing in The Week’s unique aggregated format and witty voice. An ability to adapt to the magazine’s tone and style is essential.

     

  11. Marc Ambinder highlights the 10 most important lines from the President’s State of the Union address…and what they really mean.

    "After five years of grit and determined effort, the U.S. is better positioned for the 21st century that any nation on earth."

    All the muck of the past five years has led to job growth and an improving economy, and I’m determined to be optimistic even if the country is as pessimistic as ever, because I’m not going to follow the media’s trapping narrative.

    The 10 most important lines of the SOTU explained

     


  12. vengvaD paQDI’norgh tay yIghojmoH!
     


  13. TheWeek.com is hiring!

    TheWeek.com is looking for a self-motivated journalist to write and edit short articles, promote these articles on social media, and help curate the homepage. This writer will work an overnight shift, from roughly 9 p.m. to 5 a.m. (exact hours TBD), working with senior editor Peter Weber to keep the site humming in the wee hours. Some background in journalism is required, as are solid writing skills and good news judgment. Knowledge of popular culture and familiarity with what works on the internet are also indispensable. A sense of humor is a plus. If you fit the bill and are interested, please send a résumé to weber@theweek.com