This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)(Learn how and when to remove this template message)
Mark J. Perry
Mark Joseph Perry
1966 (age 53–54)
|Alma mater||George Mason University|
|Thesis||Macroeconomic applications of ARCH models (1993)|
|Institutions||University of Michigan–Flint|
Mark Joseph Perry (born 1966)is an American economist and professor of economics and finance in the School of Management at University of Michigan–Flint.
He has an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota, and both a M.A. and Ph.D. in economics from George Mason University in Fairfax, Virginia.Since 1997, he has been a member of the Board of Scholars for the Mackinac Center for Public Policy in Michigan.
He is a visiting scholar at the American Enterprise Institute.He maintains a blog, Carpe Diem and is a frequent contributor at SeekingAlpha.com.
He has written about gender issues, including differences in wage rates between men and women, for publications such as the Washington Post and the Wall Street Journal .He has been critical of how the difference in pay has been measured and the conclusions drawn. For example, he argues differences in hours worked, education and having children should be accounted for.
He has written that increasing the minimum wage may lead to job losses, criticizing a report by John Komlos who argued few jobs would be lost.Economist Jacob Vigdor later stated that Perry's analysis was carried out using faulty data; in response, Perry said "The jury is still out on the $15 minimum wage, [...] and it will take years to assess its impact. I'm simply pointing to some possible evidence in employment trends that might suggest that there is early evidence of some effects."
Affirming that the consumer confidence was a lagging indicator in econometrics, he criticised Obama's policies of demand market stimulation like the proposal of subsidizing electric and hybrid cars' sector, both for producers and consumers. Perry qualified public economic subsidies as a "boondoggle" and a severe market distortion, which would have been hindered the development of other alternative technologies such as hybrids and gasoline advanced engines.
In June 2016 Perry filed a complaint with the Michigan Department of Civil Rights seeking the closure of Michigan State University's Women's Lounge, alleging that having a private place for women to study on campus discriminated against men, and was a violation of civil rights.He claimed the female only facility was a violation of both the Michigan Civil Rights Initiative and the equal opportunity in education act Title IX. In July of 2016, Michigan State University made the lounge a gender-neutral space to ensure compliance with Title IX.
A minimum wage is the lowest remuneration that employers can legally pay their workers—the price floor below which workers may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century.
The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a Washington, D.C.–based think tank that researches government, politics, economics, and social welfare. AEI is an independent nonprofit organization supported primarily by grants and contributions from foundations, corporations, and individuals.
The Phillips curve is a single-equation economic model, named after William Phillips, describing an inverse relationship between rates of unemployment and corresponding rates of rises in wages that result within an economy. Stated simply, decreased unemployment, in an economy will correlate with higher rates of wage rises. Phillips did not himself state there was any relationship between employment and inflation; this notion was a trivial deduction from his statistical findings. Samuelson and Solow made the connection explicit and subsequently Milton Friedman and Edmund Phelps put the theoretical structure in place. In so doing, Friedman was to successfully predict the imminent collapse of Phillips' a-theoretic correlation.
Otto Eckstein was a German-American economist. He was a key developer and proponent of the theory of core inflation, which proposed that in determining accurate metrics of long run inflation, the transitory price changes of items subject to volatile pricing, such as food and energy, are to be excluded from computation.
A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers to a biological minimum. Needs are defined to include food, housing, and other essential needs such as clothing. The goal of a living wage is to allow a worker to afford a basic but decent standard of living through employment without government subsidies. Due to the flexible nature of the term "needs", there is not one universally accepted measure of what a living wage is and as such it varies by location and household type. A related concept is that of a family wage – one sufficient to not only support oneself, but also to raise a family.
John Brian Taylor is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow in Economics at Stanford University's Hoover Institution.
Thomas John Sargent is an American economist and the W.R. Berkley Professor of Economics and Business at New York University. He specializes in the fields of macroeconomics, monetary economics, and time series econometrics. As of 2020, he ranks as the 29th most cited economist in the world. He was awarded the Nobel Memorial Prize in Economics in 2011 together with Christopher A. Sims for their "empirical research on cause and effect in the macroeconomy".
David Edward Card is a Canadian labour economist and Professor of Economics at the University of California, Berkeley.
Norman Jay Ornstein is an American political scientist and resident scholar at the American Enterprise Institute (AEI), a Washington D.C. conservative think tank. He is the co-author of It's Even Worse Than It Looks: How the American Constitutional System Collided With the New Politics of Extremism.
Applied economics is the application of economic theory and econometrics in specific settings. As one of the two sets of fields of economics, it is typically characterized by the application of the core, i.e. economic theory and econometrics to address practical issues in a range of fields including demographic economics, labour economics, business economics, industrial organization, agricultural economics, development economics, education economics, engineering economics, financial economics, health economics, monetary economics, public economics, and economic history.
Mark Hamilton Schauer is an American politician, member of the Democratic Party and former U.S. Representative for Michigan's 7th congressional district, serving from 2009 to 2011.
The minimum wage in the United States is set by U.S. labor law and a range of state and local laws. Employers generally have to pay workers the highest minimum wage prescribed by federal, state, and local law. Since July 24, 2009, the federal minimum wage is $7.25 per hour. As of January 2020, there were 29 states and D.C with a minimum wage higher than the federal minimum. From 2018 to 2019, seven states increased their minimum wage levels through automatic adjustments, while increases in sixteen other states and D.C. occurred through referendum or legislative action.
Jordi Galí Galeta is a Spanish macroeconomist who is regarded as one of the main figures in New Keynesian macroeconomics today. He is currently the director of the Centre de Recerca en Economia Internacional at Universitat Pompeu Fabra and a Research Professor at the Barcelona Graduate School of Economics. After obtaining his doctorate from MIT in 1989 under the supervision of Olivier Blanchard, he held faculty positions at Columbia University and New York University before moving to Barcelona.
Daniel Timothy Kildee is an American politician who has been the U.S. Representative for Michigan's 5th congressional district since 2013. He is a member of the Democratic Party.
Alan Manning is a British economist and professor of economics at the London School of Economics. Manning is one of the leading labour economists in Europe, having made major contributions to e.g. the analysis of the imperfections of labour markets.
Antony Davies is an American economist, speaker, and author. He is the Milton Friedman Distinguished Fellow at the Foundation for Economic Education.
The Flint water crisis is an ongoing public health crisis that started in 2014, after the drinking water source for the city of Flint, Michigan was contaminated. In April 2014, Flint changed its water source from treated Detroit Water and Sewerage Department water to the Flint River. Officials failed to apply corrosion inhibitors to the water. As a result, lead from aging pipes leached into the water supply, leading to extremely elevated levels of the heavy metal neurotoxin and exposing over 100,000 residents to elevated lead levels. A pair of scientific studies proved that lead contamination was present in the water supply. The city switched back to the Detroit water system on October 16, 2015. It later signed a 30-year contract with the new Great Lakes Water Authority on November 22, 2017.
Peter Schmidt is an American economist and econometrician. He holds a University Distinguished Professor position at Michigan State University in East Lansing, Michigan. Schmidt is considered a foundational scholar in econometrics, having authored an early textbook in the field as well as over 150 peer reviewed articles. In addition, Schmidt has been recognized for his excellence in teaching, with one economist stating that "a top twenty economics department could be started up from" the students he has mentored.
Nicole M. Fortin is a Professor in the Vancouver School of Economics (VSE) at University of British Columbia, where she obtained her Ph.D. in Economics. Before moving to Vancouver, B.C. in 1999, Fortin taught at Université de Montréal for ten years in her hometown. She was the President of the Canadian Women Economic Network (CWEN) in 2013–2014. Her research focus is placed on three main themes, including the linkage between labour market institutions and wage inequality, issues related to the economic progress of gender equality, as well as contributions to decomposition methods. Notably, Fortin contributed to the ground-breaking research presented in the 2015 World Happiness Report by examining how various factors impact feelings of happiness for individuals, and societal well-being overall, across the globe.
Viernes Rojo in Venezuela refers to Friday, 17 August 2018, when President Nicolás Maduro announced a series of economic reforms known as "Program of Recovery, Growth and Economic Prosperity", in response to increasing hyperinflation. This event is also known as Paquetazo Rojo or Madurazo by some media outlets. These reforms include the introduction of the a new currency with five fewer zeros, increase the minimum wage based on the Petro and increase VAT to 16%. According to President Maduro, these reforms have the goal of recovering the population's salary in two years through the Economic Recovery of Growth and Prosperity program, to eliminate the fiscal deficit and to eliminate the use of paper money.