Tag: income inequality

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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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When Plutocrats Joke

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In General
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On September 8, 2015
High comedy here folks. Three of the world’s richest and most powerful people (and Timothy Geithner) had a good laugh over income inequality earlier this year. Former Treasury Secretaries Robert Rubin, Henry Paulson and Geithner were asked about the issue by Facebook executive Sheryl Sandberg during a conference in Beverly Hills. When Paulson responded that […]
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