Tag: income inequality

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More on the False Economy

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On May 22, 2019
Building on yesterday’s post about how despite the low unemployment numbers, people’s lived economy is basically terrible, Jacob Hacker has a very useful op-ed in the Times on the same issue. Even with unemployment at a 50-year low, the job market is failing to reach millions of potential workers. That’s because those who aren’t working […]

The False Economy

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On May 21, 2019

Yes, unemployment rates are low. There are jobs for most people who want them. But this has not really budged the national worry over income inequality and the widespread belief that the economy does

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The New Gilded Age

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On July 23, 2018
The latest Economic Policy Institute report on the New Gilded Age is out and it is a go-to resource on income inequality. From the executive summary: In 2015, the top 1 percent of families in the U.S. earned, on average, 26.3 times as much income as the bottom 99 percent—an increase from 2013, when they […]

Life in Texas

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On February 19, 2017

Now that the entire nation is on the road to becoming Texas, let’s see what life is like in the Lone Star Republic. Texans Carlos Santiago and Mary New, who both went from local schools to caree

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CEO Tax

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On December 27, 2016
This is an interesting approach to grotesque CEO pay in the New Gilded Age. In Portland, Oregon, lawmakers aren’t holding their collective breath. In a move that made international headlines, Portland’s City Council voted earlier in December to approve a first-of-its-kind tax on public companies that pay their chief executive officers more 100 times their […]
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It’s hardly surprising that growing income inequality would exacerbate other forms of inequality. Thus, this EPI study demonstrating the connections between income inequality and black/white wage gaps is more depressing than shocking. What this report finds: Black-white wage gaps are larger today than they were in 1979, but the increase has not occurred along a […]
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