Tag: income inequality

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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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Silicon Valley is the true epicenter of the New Gilded Age: As Silicon Valley boomed after the recession, its middle class shrunk, creating one of the widest gaps in the nation between the ultra-wealthy and everyone else. Here, fewer than 50% of households are now middle class and half of all income gains flowed to […]
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