Tag: income inequality

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The $70,000 Capitalist

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On April 24, 2015
The credit card processing executive who decided he would raise the minimum wage for his company to $70,000 a year got a lot of attention this week. It’s certainly an interesting experiment at the very least. Got to give it to the guy–he probably made a really smart long-term business decision because all of a […]

Class Warfare

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On February 14, 2015

Watching how Republican presidential possibilities have been talking in the last couple of weeks, it’s pretty clear that they are going to focus on income inequality, but define income inequalit

Obama on Inequality

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On February 9, 2015
Barack Obama gets why income inequality is so stark and why the fortunes of American workers have declined so far in the past forty years. President Barack Obama did an interview with Vox.com. At one point he was asked what he thought was leading to growing income inequality in the US. Here’s what he said: […]

Post-Racial America

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On December 13, 2014
Structural racism is obviously dead in this country: White households’ median wealth ticked up to $141,900 in 2013, up 2.4 percent from three years earlier, according to a Pew Research Center report released Friday. Net worth for black households dropped by a third during that time to $11,000. Hispanic families experienced a 14 percent decline […]

The Price of Poverty

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On December 6, 2014
Being poor is horrible for so many reasons. Among them is that life’s little inconveniences for the non-poor can be utterly devastating. Getting sick and missing a couple of days of work means you can lose your apartment. The car breaking down destroys your life. Linda Tirado, from her new book on living in the […]

Overtime

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On November 19, 2014

They are an endangered species, but there are a few capitalists who see the income inequality of the New Gilded Age as a threat to capitalism, as they should. One is Nick Hanauer, who was an early inv

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