In Canada, geography is destiny: Your financial future, to a surprisingly large degree, depends on the place in Canada where you happen to grow up.
That reality is revealed on this map and our accompanying set of interactive graphics, produced using a new analysis of millions of Canadians’ income data , the result of years of work by economist Miles Corak.
His study charts intergenerational economic mobility – that is, the chance that people who spent their childhood in that location ended up, as adults, higher on the income and economic-status ranking than their parents. If a region is bright green, […]
View Original: A tale of two Canadas: Where you grew up affects your income in adulthood
Viviendas de las clases medias acomodadas se elevan sobre las comunidades hacinadas en Lucknow, India. Foto: Tom Pietrasik/Oxfam
La desigualdad econÃ³mica crece rÃ¡pidamente en la mayorÃa de los paÃses.La riqueza mundial estÃ¡ dividida en dos: casi la mitad estÃ¡ en manos del1% mÃ¡s rico de la poblaciÃ³n, y la otra mitad se reparte entre el 99%restante. El Foro EconÃ³mico Mundial considera que esta desigualdadsupone un grave riesgo para el progreso de la humanidad. La desigualdadeconÃ³mica extrema y el secuestro de los procesos democrÃ¡ticos por partede las Ã©lites son demasiado a menudo interdependientes. La falta decontrol en las instituciones polÃticas produce […]
View Original: GOBERNAR PARA LAS Ã‰LITES Secuestro democrÃ¡tico y desigualdad econÃ³mica
Illustration: Jonathan Bartlett Inequality is putting the American Dream in peril.
By Rebecca Beyer
M elissa Agnew lives in Charlotte, N.C., a city that ranks high on affordability scales. It’s said to be one of the most desirable places to purchase a home, and a top destination for job-seeking college graduates and newlyweds.But Agnew doesn’t own a home or have a college degree. She went through a painful divorce several years ago, and, even though she was working at the time, the city was anything but affordable for her when she suddenly became the sole breadwinner for her two […]
View Original: This is Not Your Parents’ Economy
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Can your supplements change your blood in 5 minutes?
The UK-based, 1823-founded Lancet is the oldest, best known, and highly respected medical journal.
In early April, it examined the effects of racial discrimination, mass incarceration, economic inequality and lack of universal healthcare as factors in declining US health outcomes. Affordability puts proper care for serious illnesses increasingly out of reach for tens of millions. The Lancet explained a growing survival gap between rich and poor Americans – a difference of up to 15 […]
View Original: Lancet Reports on Inequality of US Healthcare
The government’s latest social mobility report fails to address core problems Yet another government report on social mobility falls short of identifying the real problem with modern Britain – rapid growth in inequality since 1979 ongoing austerity since 2010.
The report, Time for Change , has charted two decades of failure and few successes. It points to how new divides across English regions, between social classes and between generations have fragmented society further.
Governments from New Labour onwards have sought to promote social mobility and meritocracy in the face of rising inequality in incomes, wealth, opportunities and life chances, proposing solutions […]
View Original: We can’t improve social mobility when working class children’s only inheritance is austerity
Time to Change, the latest Social Mobility Commission report, states that radical reform is needed to repair a divided Britain, arguing that decades of policy failures have left the poor behind ( Report, 28 June). But increasing social mobility would not repair this divide, it would increase it. Effective social mobility leaves the poor even further behind, as it depletes the working classes of those who are able to achieve educational success against the odds. The remorseless focus on aspiration and bettering oneself results in a phenomenon that the report also highlights: the large numbers of graduates from working-class […]
View Original: Social mobility is the wrong goal – what we need is more equality
Occupy Wall Street demonstrators participating in a street-theater production wear signs around their neck representing their student debt during a protest against the rising national student debt in Union Square, in New York. Reuters/Andrew Burton
It’s no secret that we’re in the midst of a student loan crisis. Student loan debt has grown more than auto loan, credit card and home equity loan debt combined since 2003, according to the Federal Reserve Bank of New York, as the cost of higher education has skyrocketed and more students have flocked to get degrees.
The proliferation of high-interest student loans has outpaced […]
View Original: These 3 charts explain the economic side effects of the student loan crisis
Social mobility policies have failed to significantly reduce inequality between rich and poor despite two decades of interventions by successive governments, according to a highly critical new report.
The study by the government’s Social Mobility Commission warns that without radical and urgent reform, the social and economic divisions in British society will widen even further, threatening community cohesion and economic prosperity.
And it highlights new divides that have opened up in the UK, further fragmenting society – geographically, and between income groups and different generations.Alan Milburn, chair of the commission, said that for two decades Labour and Conservative governments had not […]
View Original: Labour and Tories have both failed on social mobility, report finds
Men have long been the dominant participants in the paid labor force, but a significant number of women have joined them during the past 40 years. In the early 1970s, 43 percent of all women were wage earners. Today, nearly 6 in 10 women are working for pay.
Much of this growth can be attributed to working mothers, who increased their numbers in the workforce by 50 percent over the past generation. Previous research by The Pew Charitable Trusts shows that, as more women entered the labor force, movement up the economic ladder increasingly became a family enterprise.
Measuring men’s mobility […]
View Original: Women’s Work: The Economic Mobility of Women Across a Generation
The program contributes to lower dropout rates, more college degrees, higher earnings, emptier jails and thriving economies. In short, the American dream.
The Senate’s new health bill, the Better Care Reconciliation Act , proposes even deeper cuts to Medicaid than the House bill. At risk is a program that provides relatively low-cost care to nearly 75 million Americans — including children, pregnant women, disabled individuals and elderly people in nursing homes.
As physicians, we are dismayed by the prospect of millions of patients losing access to the medical care they need. But what is often lost in the debate about […]
View Original: GOP Medicaid cuts would hurt much more than health care