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 New Press
For at least the past 10 years, traditional colleges have been closely watching the rise and fall of the for-profit sector.
Some experts point to minimal regulation, heavy recruitment and a lack of student knowledge about college choices to explain why the for-profit sector became so popular and saw a boom in student enrollment in the mid-2000’s. Others point to the Obama administration’s increased regulation and students’ knowledge of the higher education system as reasons for the for-profit sector’s decline. But in Tressie McMillan Cottom’s new book, (The New Press) , she points to another factor — credentialism.Tressie […]
View Original: Lower Ed: The Troubling Rise of For-Profit Colleges in the New Economy
Author, The Way Back: Restoring the Promise of America Frank Buckley is a Foundation Professor at Scalia Law School at George Mason University, where he has taught since 1989. Previously he was a visiting Olin Fellow at the University of Chicago Law School, and he has also taught at McGill Law School, the Sorbonne, and Sciences Po in Paris. He received his B.A. from McGill University and his LL.M. from Harvard University. He is a senior editor of The American Spectator and the author of several books, including The Once and Future King: The Rise of […]
View Original: Restoring America’s Economic Mobility
The following is an adapted excerpt from Ronald Formisano’s Plutocracy in America: How Increasing Inequality Destroys the Middle Class and Exploits the Poor as a part of our Black History Month blog series.
Unequal access to health care is but one example of how income inequality creates a proliferating range of consequences not often discussed in relation to one another. None of these subjects has been ignored or unreported somewhere, either in print or on the Internet. But by drawing many of these topics together and showing interconnections, I highlight the widespread consequences of inequality as it washes through society […]
View Original: The Great Recession and the Web of Inequality
by Jon Pareliussen, Swedish Desk, Country Studies Branch, OECD Economics Department
“Equality is a utopia (…) that must be constantly redefined and constantly conquered anew.”
-Olof Palme, 30 July 1965.Equality, a long-standing hallmark of Swedish society, carries multiple benefits in terms of economic performance, trust, opportunity and well-being. Income inequality is relatively low in Sweden compared to the OECD average, but a rapid rise from the 1990s calls for new efforts to redefine and re-conquer equality once again. Chapter one in the new Economic Survey is dedicated to understanding and addressing the rise of inequality in Sweden (OECD, 2017).Top […]
View Original: Conquering utopia anew – Income inequality in Sweden
By Kirsten West Savali, The Root
Since the first iteration of slavery transformed into its more contemporary forms—Jim Crow, mass incarceration, redlining, employment and education discrimination—the toxic myth that Black people can bootstrap their way to success and safety in a country that thrives on their subjugation has continued to thrive.
In a new report, “ Asset Value of Whiteness ,” Demos and the Institute on Assets and Social Policy take a deep dive into the intrinsic link between racism and capitalism; specifically, how whiteness infests the so-called American dream and renders it inaccessible to anyone who doesn’t meet the […]
View Original: Attending College Doesn’t Close Racial Wage Gap, Says New Report
If the new generation can’t do better than their parents, is the American Dream dead? (Photo: Beth Rankin )
Our latest Freakonomics Radio episode is called “Is the American Dream Really Dead?” (You can subscribe to the podcast at iTunes or elsewhere , get the RSS feed , or listen via the media player above.)
Just a few decades ago, more than 90 percent of 30-year-olds earned more than their parents had earned at the same age. Now it’s only about 50 percent. What happened — and what can be done about it? Below is a transcript […]
View Original: Is the American Dream Really Dead?
If the new generation can’t do better than their parents, is the American Dream dead? (Photo: Our latest Freakonomics Radio episode is called “Is the American Dream Really Dead?” (You can subscribe to the podcast at iTunes or elsewhere , get the RSS feed , or listen via the media player above.)
Just a few decades ago, more than 90 percent of 30-year-olds earned more than their parents had earned at the same age. Now it’s only about 50 percent. What happened — and what can be done about it?
Below is a transcript of the episode, […]
View Original: Is the American Dream Really Dead?
There is no distinction to be made between the fight for economic fairness and income equality, and the fight for social justice. The rigging of the economic and political system in favor of a few families of wealth accumulators, the 1%, cannot be understood without understanding that the rigging of the system has a purpose— benefiting a select group of people, privileging them above all others: white heterosexual males.
Any suggestion to ‘move past identity politics’ serves only to maintain and strengthen a political and economic regime based on white heterosexual male dominance . A racist will always say race […]
View Original: Think economic issues matter? Want to fix income inequality? Then fight discrimination.
Empty wealth? The world’s rich and powerful meeting in Davos last month for the 47th annual World Economic Forum When Oxfam published its report, An Economy for the 1% , it was well timed to coincide with 2017’s January meeting of the world’s rich and powerful at the Swiss ski resort of Davos.
Oxfam’s findings were widely discussed, including in a weekly news magazine aimed at 8 to 14-year-olds. Much of this discussion focused on the report’s headline statistics, which told us most strikingly that “since 2015, the richest 1 per cent has owned more wealth than the rest of […]
View Original: If we want to fight inequality and poverty we need to take a more humane approach to economics