Tag Archives: education

Raj Chetty in 14 charts: Big findings on opportunity and mobility we should all know

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Editor’s Note:

Raj Chetty will present his research on "The Lost Einsteins" January 11 at Brookings. Watch the webcast here . Authors

Few scholars make as big an impact on their field as Professor Raj Chetty . As leader of the Equality of Opportunity Project , and with access to (anonymised) tax records, Chetty and his co-authors have transformed our understanding of social mobility in the U.S.Among the many virtues of the Project’s approach is a willingness to share the datasets used in each of their analyses, for use by other researchers as well as policymakers or the general […]

Economic inequality produces sickness and a politics of rage


Kentucky citizens need to be reminded of the out-of-state corporate plutocrats and their homegrown enablers making Kentucky one of the most unequal as well as most unhealthy states.

Independent studies of economic and physical well-being consistently rank Kentucky as one of the poorest and unhealthiest states . Kentuckians are literally dying of inequality.

Inequality, high poverty and ill health are closely connected. In 2016 Kentucky’s 18.5 percent poverty rate was one of the highest in the nation. Almost a third (30.8 percent) of African-Americans and just over one in four children living in poverty. Kentucky ranks second in the rate of […]

Racial inequalities in wages, income, and wealth show that MLK’s work remains unfinished

As we commemorate the 50th anniversary of Dr. Martin Luther King, Jr.’s assassination this year, it is important to remember that African Americans continue to face many of the same inequalities today that Dr. King gave his life to fight for decades ago. Racial economic inequality remains a huge issue that our nation must come to terms with and resolve. There are three major indicators of economic well-being by which we commonly measure racial economic inequality—median hourly wage, median household income, and median family net worth or wealth. If taken alone, each of these measures might lead you to […]

The cure for income inequality lies in the voting booth

The cure for income inequality lies in the voting booth

© Getty Images A recent Deutsche Bank note on inequality confirmed what millions of American already know: Despite a soaring stock market and reassuringly low unemployment, the gap between Americans’ finances continues to widen.

The data tell a stark picture. The top 10 percent used to capture about one-third of all income, now it gets over half. Wage disparities have been equally as bad. And these glaring gaps in income have produced a marked divergence in prosperity — almost all of the gains in wealth over the past 30 years have gone to the top 10 percent.

According to the research, […]

LCCC aims to address economic inequality in Lorain County

MDC President David Dodson serves as keynote speaker of the District Board of Trustees’ Community Connections session, held in Lorain County Community College’s Spitzer Conference Center Reaser Grand Room, Jan. 10, 2018. Dodson’s presentation, “Why Mobility Matters,” focused on closing the gap which separates people from opportunity, in their pursuit of the American dream.

MDC President David Dodson serves as keynote speaker of the District Board of Trustees’ Community Connections session, held in Lorain County Community College’s Spitzer Conference Center Reaser Grand Room, Jan. 10, 2018. Dodson’s presentation, “Why Mobility Matters,” focused on closing the gap which separates people from opportunity, in their pursuit of the American dream. Eric Bonzar — NetNeil.Com Lorain County Community College President Dr. Marcia Ballinger kicks off the District Board of Trustees’ Community Connections session in the Spitzer Conference Center’s Reaser Grand Room, Jan. 10, 2018. The session brought together various sectors of the community to form collaborations […]

LCCC, others aim to boost residents’ economic mobility

http://chronicle.northcoastnow.com/abbewood/

ELYRIA — Lorain County residents who start at the bottom are likely to stay there.

It’s a startling statistic, but one community leaders are aiming to solve, starting with the conversation Wednesday night at a community forum hosted by Lorain County Community College.

According to research from the Equality of Opportunity Project, a child in Lorain County who is born and raised in poverty has a 5.1 percent chance of reaching a family income of $70,000 by the age of 30, or more than $100,000 by age 45.More than likely, those who start at the lowest income levels will stay there.That […]

LCCC aims to address economic inequality in Lorain County

MDC President David Dodson serves as keynote speaker of the District Board of Trustees’ Community Connections session, held in Lorain County Community College’s Spitzer Conference Center Reaser Grand Room, Jan. 10, 2018. Dodson’s presentation, “Why Mobility Matters,” focused on closing the gap which separates people from opportunity, in their pursuit of the American dream.

MDC President David Dodson serves as keynote speaker of the District Board of Trustees’ Community Connections session, held in Lorain County Community College’s Spitzer Conference Center Reaser Grand Room, Jan. 10, 2018. Dodson’s presentation, “Why Mobility Matters,” focused on closing the gap which separates people from opportunity, in their pursuit of the American dream. Eric Bonzar — The Morning Journal Lorain County Community College President Dr. Marcia Ballinger kicks off the District Board of Trustees’ Community Connections session in the Spitzer Conference Center’s Reaser Grand Room, Jan. 10, 2018. The session brought together various sectors of the community to […]

Hey, Rust Belt And Sun Belt: Don’t Follow The Coasts


Source: Shutterstock The successes and challenges of coastal cities are the exception, not the rule. If the cities in the vast interior of our nation are ever to reach their fullest potential, this must be remembered.

Over the last 25 years, the physical and economic growth and expansion of our coastal metro areas has dominated our perceptions of all American metro areas. We know that cities like New York, San Francisco, Boston, Seattle, Washington, DC and a handful of others have had the good fortune of having the physical, social, cultural and financial infrastructure to vault themselves into a leadership […]

Wages — finally — tick higher, boding well for the entire economy


Hide caption Workers in the tightest American labor markets are finally receiving pay packages that are growing faster than inflation.

According to a Jan. 1 article in the Wall Street Journal, cities such as Minneapolis, Denver and Fort Myers, where unemployment is around 3 percent, the labor market has tightened so much that businesses need to increase wages to attract employees. In Minneapolis, for example, where unemployment is 2.3 percent, wages have risen by 4 percent.

We need to applaud higher wages because they enable people to spend more. This sets in motion a virtuous cycle: More spending by consumers creates […]

Class division: Give better opportunities for people to move up socially

A study on schools and class divide, released in 2016 by the Singapore Children’s Society, found that children from higher socio-economic backgrounds are likelier to attend secondary schools and their affiliated primary schools which had higher admission requirements. TODAY file photo

A study on schools and class divide, released in 2016 by the Singapore Children’s Society, found that children from higher socio-economic backgrounds are likelier to attend secondary schools and their affiliated primary schools which had higher admission requirements. TODAY file photo I refer to the letter, “We should not let social class stratify us” (Dec 31, 2017). On the topic of socio-economic stratification, I would say that class division is not a new phenomenon. It has always existed in our society.

What has changed, however, is the extent of the income gap.

Singapore’s Gini coefficient (which typically measures income inequality and […]