A woman holds a sign as she attends an event in support of New York Mayor Bill de Blasio’s progressive agenda against income inequality outside the Capitol in Washington on May 12, 2015. (Carlos Barria/Reuters) The sharp growth in economic inequality — and its visibility as an issue in both the 2012 and 2016 American political campaigns — has led to an important debate about how to respond.
Some in this debate suggest that economic inequality isn’t that important after all. Instead, they argue, it’s economic opportunity that Americans really care about. Americans just want good jobs and the prospect […]
View Original: This is what happens when Americans are told about rising inequality
No savings, investments or home equity. This economic dystopia looms for minority families, and so does a choice: Do we want America to be more like Brazil or Canada?
What would U.S. society be like if a majority of families had no wealth – no savings, no home equity, no investments of any kind?
That is exactly where the country is headed if we continue on our current path toward economic dystopia for black and Latino families.While we celebrate a modest reduction in poverty rates and an encouraging uptick in median income , as disclosed in this week’s Census report, […]
View Original: Inequality crisis: Blacks and Latinos on the road to zero wealth
This Hamilton Project policy memo provides thirteen economic facts on the growth of income inequality and its relationship to social mobility in America; on the growing divide in educational opportunities and outcomes for high- and low-income students; and on the pivotal role education can play in increasing the ability of low-income Americans to move up the income ladder. Chapter 1: Inequality Is Rising against a Background of Low Social Mobility
Central to the American ethos is the notion that it is possible to start out poor and become more prosperous: that hard work—not simply the circumstances you were […]
View Original: Thirteen Economic Facts about Social Mobility and the Role of Education
Since the Great Recession, the ongoing concern has been that the recovery has not been evenly distributed in the aftermath as wages have not kept up with the post-Recession economic growth.
New data out of the Census Bureau may go some distance to quiet those fears, as it seems the wages of workers are catching up with the growth trend.
The recovery, according to the census, may have shifted some in the last 18-24 months — and that shift may be putting more money in the average American working family’s coffers.According to the Census Bureau, median household income jumped for the […]
View Original: Good News, Wages Are Up For The Second Consecutive Year
Eight years after the end of the Great Recession, more of America’s poorest families are beginning to emerge from poverty, suggesting that the effects of a booming job market and an expanded safety net may finally be helping the country’s most vulnerable residents. Census data released today show that the number of people living in poverty has finally returned to pre-recession levels, with poverty declining for all ethnic groups.
This doesn’t mean poverty is anywhere near disappearing in America: There were still 40.6 million people in poverty last year, and the poverty rate was 12.7 percent, down from 13.5 percent […]
View Original: Census data and income inequality
After being taken down twice by Blogger within a single week we got the message ItÃ¢â‚¬â„¢s Time To Go Gates of Vienna has moved to a new address The New World Order by H G Wells free ebook IV Ã¢â‚¬â€ CLASS WAR NOW here it is necessary to make a distinction which is far too frequently ignored A feature length documentary work which will present a case for a needed transition out of the current socioeconomic monetary paradigm which governs the entire world 1 I celebrate myself and sing myself And what I assume you shall assume For every […]
View Original: Download Capitalists Arise!: End Economic Inequality, Grow the Middle Class, Heal the Nation Full Online
Young households saw more than three times the income gains of everyone else — here’s why that matters. There’s good news for U.S. workers: Real median household income grew to $59,039 in 2016, a 3.2% increase over the previous year, according to the Department of Commerce’s latest Census figures released Tuesday.
This is the second consecutive annual increase in income, a sign that typically indicates a burgeoning economy, though department officials reiterated on a conference call that a change to the Census questionnaire in 2013 makes historical comparisons difficult. However, the report did detail other wins for American workers, particularly […]
View Original: Millennial workers got the biggest pay bump in 2016. Here’s why that helps everyone.
Families wait in line for free back-to-school supplies from a nonprofit in Los Angeles Eight years after the end of the Great Recession, more of America’s poorest families are beginning to emerge from poverty, suggesting that the effects of a booming job market and an expanded safety net may finally be helping the country’s most vulnerable residents. Census data released today show that the number of people living in poverty has finally returned to pre-recession levels, with poverty declining for all ethnic groups.
This doesn’t mean poverty is anywhere near disappearing in America: There were still 40.6 million people in […]
View Original: New Census Data Shows More Americans Emerging From Poverty
AUSTIN, Texas – Stating that “for UT to lead, we must be bold,” President Gregory L. Fenves outlined major new initiatives to promote students’ upward economic mobility, increase experiential learning opportunities on campus and recruit and retain top faculty members.
In his annual State of the University address delivered to the university community, Fenves said the new initiatives reinforce “our deepest purpose as a university — to unlock potential.” He committed new, recurring funding from the Available University Fund (AUF) for three initiatives: Providing financial aid for low- and middle-income students, with the specific goal of improving access to UT […]
View Original: Fenves Charts Vision to Unlock UT Austin’s Potential in State of the University Address
America Hernandez, who is now 34, can divide her working life into two periods: before DACA protections kicked in, and after. Before the Deferred Action for Childhood Arrivals program was created in 2012, Hernandez, whose parents brought her to the U.S. from Mexico when she was three months old, was not eligible to work legally in the United States. Until her late 20s, she cobbled together a living working at various restaurants—not what she’d wanted to do when she graduated with a bachelor’s degree from Fresno State in 2003. She’d had two job offers in marketing “in the six […]
View Original: From ‘Dream Jobs’ to Bussing Tables Again