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In it, the authors, both sociologists, made a compelling argument that, to understand labor market outcomes like inequality, it wasn’t enough to look at the supply and demand for individuals’ skills. However, any discussion of firms and wage inequality must not be limited to discussion of market forces. Related Video.
Allows businesses to take a 100% depreciation write-off for investments in certain new business equipment in 2010 and 2011. The bill reduced by 2% the amount of Social Security tax an individual employee would be required to pay. In 2011, workers will pay 4.2% tax on their income (up to $106,000 or so) as opposed to the normal tax of 6.2%.
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