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Adam Tooze

Adam Tooze

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Adam Tooze, Professor of History at Columbia University, is the author of The Deluge: The Great War, America and the Remaking of the Global Order, 1916-1931 and a new study of the 2008 financial crisis, Crashed: How a Decade of Financial Crises Changed the World.

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  1. oneill69_Malte Mueller Getty Images_handholdingdollarsign Malte Mueller/Getty Images

    A Living Wage for Capitalism

    Jim O'Neill

    Higher nominal wages for low-paid workers can boost real earnings, increase consumer spending, and help make housing more affordable. And insofar as raising the minimum would increase companies’ wage bill, it would create a stronger incentive to replace labor with capital, which could lay the foundation for renewed productivity growth.

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