Daily Clips: February 19th, 2016

How student debt impacts Americans: According to census data, “African-American and Latino families have the lowest median incomes in the United States.” These lower-income families with smaller debts “have difficulty paying back the loans,” whereas higher-income families have higher debt because “people in high-income areas are more likely to go to more expensive schools and pursue graduate degrees.”

Krugman’s variety of voodoo economics:

By endorsing outlandish economic claims, the Sanders campaign is basically signaling that it doesn’t believe its program can be sold on the merits, that it has to invoke a growth miracle to minimize the downsides of its vision. It is, in effect, confirming its critics’ worst suspicions.

Oregon just passed the highest state minimum wage in the country:

It is also the first ever statewide minimum wage system that will be tiered, with different wage levels for different regions. Over the next six years, Oregon’s already high minimum of $9.25 per hour (only eight states and Washington, D.C., have equal or higher minimums right now, according to EPI’s minimum wage tracker) will “jump to $14.75 in metro Portland, $13.50 in smaller cities such as Salem and Eugene, and $12.50 in rural communities by 2022,” according to the Guardian. This will reportedly result in raises for more than 100,000 workers.

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Nick Cassella
Nick Cassella graduated from the University of St Andrews in Scotland in 2014. After graduating, he worked on the Initiative 594 campaign before joining Civic Ventures, where he now manages Civic Skunk Works' social media presence.