Daily Archives: May 8, 2017

Some Monday reading

Here are a few articles worth reading this morning to begin the week.

The Guardian newspaper is reporting that hackers behind the last-minute “leak” of emails and other documents from Emmanuel Macron’s campaign were also involved in the release of emails from the Democratic National Committee during the 2016 presidential election in the U.S. (“Macron hackers linked to Russian-affiliated group behind US attack“).

Meanwhile, Talking Points Memo assesses the impact of the continuing investigation of former national security advisor Mike Flynn on the Trump administration (“Why They’re So Scared About Mike Flynn“).

Then, on a very different note, this piece from the Washington Post: “Researchers have answered a big question about the decline of the middle class.”

It reports on a new study from the National Bureau of Economic Research. Here’s the first part of the paper’s abstract:

Using panel data on individual labor income histories from 1957 to 2013, we document two empirical facts about the distribution of lifetime income in the United States. First, from the cohort that entered the labor market in 1967 to the cohort that entered in 1983, median lifetime income of men declined by 10%–19%. We find little-to-no rise in the lower three-quarters of the percentiles of the male lifetime income distribution during this period.

Here’s the Post’s translation:

America is getting richer every year. The American worker is not.

Far from it: On average, workers born in 1942 earned as much or more over their careers than workers born in any year since, according to new research — and workers on the job today shouldn’t expect to catch up with their predecessors in their remaining years of employment.

“Overall, this is a pretty bleak picture,” one of the authors told the Post. Yes, it certainly is.

Finally, also from the Guardian: “The great British Brexit robbery: how our democracy was hijacked.”

And the subhead: “A shadowy global operation involving big data, billionaire friends of Trump and the disparate forces of the Leave campaign influenced the result of the EU referendum.”

I admit that I haven’t yet worked through the full article, but it’s got my attention. It’s worth digging in.