As technology companies and the techies who work for them have headed to cities, they have increasingly been blamed for the deepening problems of housing affordability and urban inequality.
A few years ago, for example, the San Francisco-based writer Rebecca Solnit complained that the Bay Area’s conflict pitted “writers, artists, activists, environmentalists, eccentrics” against the newly moneyed tech elite.
But there is little evidence that the influx of wealthy people into the urban core and the transformation of some leading creative neighborhoods had led to any substantial diminution of these cities’ overall creative capacities. In fact, cities like New York, London, […]
View Original: Urban Inequality Is a Crisis, But Don’t Blame Techies for It
April 7, 2017 – The life expectancy of the wealthiest Americans, which now exceeds that of the poorest Americans by 10 to 15 years, continues to grow, according to a series of papers published today in The Lancet, one of the world’s oldest and most respected medical journals. This “survival gap” is a result of America’s fractured, for-profit health system, as well as its rapidly growing economic inequality, racial segregation and mass incarceration, which is unique among industrialized nations, researchers say.
These topics and several others are discussed in a five-paper series in The Lancet called “America: Equity and […]
View Original: Leading British medical journal spotlights ‘inequality and health’ in U.S.
New studies in The Lancet examine effects of racial segregation, mass incarceration, economic inequality and a lack of universal health care as factors in declining U.S. health outcomes, and point to a growing ‘survival gap’ between rich and poor
FOR IMMEDIATE RELEASE, April 6, 2017, at 6:30pm EST
Contact: Clare Fauke, communications specialist, PNHP, 312-782-6006, email@example.com
The life expectancy of the wealthiest Americans, which now exceeds that of the poorest Americans by 10 to 15 years, continues to grow, according to a series of papers published today in The Lancet, one of the world’s oldest and most respected medical […]
View Original: Leading British medical journal spotlights inequality and health in U.S.
A congressional committee held a hearing Wednesday to examine why the economic recovery has been so slow, with many still struggling nearly a decade later.
The recession was sparked by the subprime mortgage and the financial crisis of 2007. It was followed by an incredibly slow recovery. The economy has strengthened over the last year , but there are still lingering issues. The Joint Economic Committee held Wednesday’s hearing to examine why the recovery has been so slow and uneven.
“The U.S. economy did not surge back from the last recession, has it has done every other recession since World War […]
View Original: Congress Examines the Irregularly Prolonged Recovery
We need to confront how increasing income inequality is affecting people’s inner lives. In a lecture at INSEAD’s Fontainebleau campus a couple of months ago, Professor Robert Frank of Cornell University argued that pure luck (beyond effort and personal circumstances) would become more salient for professional success and quality of life in the context of a winner-take-all society fuelled by technology ( digitalisation in particular) and new ways of doing business. Frank’s argument resonates: Economic and social advantages clearly are disproportionately accruing to the “lucky” few who create the next big start-up or come up with a digital idea […]
View Original: How Invisible Inequality Hurts the Poor
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
Gina Luster, 42, and daughter Kennedy Luster, 8, at a now-defunct water fountain in downtown Flint, Mich. Luster’s interest in activism began with the city’s water crisis and has now transformed into a full-time position for a local nonprofit. (Brittany Greeson for The Washington Post) I need a Trumpcation, by which I definitely do not mean a weekend in Mar-a-Lago, but a break from the chaos wrought by the administration.
To be clear, I’m not getting out of the vigilant oversight business, especially regarding attempts to sabotage the Affordable Care Act or pass big, wasteful, regressive tax cuts. But it’s […]
View Original: Barriers to opportunity in today’s America
We are at a moment when the story we tell ourselves around college and its connection to economic opportunity and mobility is unraveling. A high school diploma is no longer a guarantee of employment and entry into the middle class. And increasingly, neither is a college degree. It is true that college graduates fare better in our economy than people without degrees, but in today’s economy even college graduates can be unemployed, underemployed, and saddled with suffocating debt. Now more than ever, students need to make smart decisions about where they go to college and what they study if […]
View Original: Economic Mobility by Design
For a girl raised on the Upper West Side of Manhattan, Salt Lake City is a very weird place.
I went to Utah precisely because it’s weird. More specifically, because economic data suggest that modest Salt Lake City, population 192,672, does something that the rest of us seem to be struggling with: It helps people move upward from poverty. I went to Utah in search of the American Dream.
Columnists don’t talk as much as they used to about the American Dream. They’re more likely to talk about things like income mobility, income inequality, the Gini coefficient – sanitary, clinical terms. […]
View Original: How Utah has kept the American dream alive
On Friday, US Treasury Secretary Steven Mnuchin answered a slew of questions in an interview with Axios’ Mike Allen about the global economy and US labor market, including about the threat of artificial intelligence (AI) affecting American jobs.
Mnuchin is not overly worried. Concerns about AI and jobs are so far way "it’s not even on our radar screen… 50-100 years" away, he said, according to Axios.
"I’m not worried at all" about robots displacing humans in the near future, he said, before adding, "In fact, I’m optimistic."However, studies have estimated that AI could affect jobs much sooner than that. And, […]
View Original: Treasury Secretary Mnuchin says AI taking US jobs is ’50-100 years away’ — but it’s already beginning to happen