U.S. black men earn 70 cents on a white man’s dollar
While part of gap owes to education, a growing portion doesn’t
Black workers earn less than their white counterparts in a worsening trend that holds even after accounting for differences in age, education, job type and geography, new Federal Reserve research shows.In 1979, the average black man in America earned 80 percent as much per hour as the average white man. By 2016, that shortfall had worsened to 70 percent, according to research Tuesday from the San Francisco Fed, which found the divide had also widened […]
View Original: The Wage Gap for Black Workers Is Growing
AND ECONOMIC GROWTH*
Federico Cingano, ELS Employment Analysis Division
*Source: OECD (2015) In It Together: Why less inequality benefits all OECD Publishing, Paris.2/15â€¢ Long-standing interest in data collection and analysis â€¢ Early works â†’ mid 1970s; regular data collection â†’ mid 1990sâ€¢ Documented the (increasing) patterns of income inequality across MCs in many publications â€¢ Latest one warns: â€œThe gap between rich and poor is at its highestlevel since 30 yearsâ€OECD work on income distribution â€¦Shares of bottom, middle and top incomes in total income, OECD average 1985 to 2011/12, 1985 = 10.800.901.001.101.201985 1990 1995 2000 2005 2010Traditional definitionbottom 10% middle […]
View Original: INCOME INEQUALITY SOCIAL MOBILITY
This article by Colin Gordon, Senior Researcher at the nonpartisan Iowa Policy Project , appeared in the Des Moines Register September 2, 2017.
Labor Day is always a good time to take stock of the state of working Iowa. Patterns of employment, job creation, and wage and income growth across the Iowa economy are telling — and disappointing.
This long-term economic pattern combines with the most disheartening legislative changes for working families in the lifetimes of most Iowans. The year 2017 poses great challenges to Iowans’ economic security, let alone opportunity for those coming to, serving in or retiring from […]
View Original: Labor Day 2017: The State of Working Iowa
A minimum wage protest at Columbus Circle in New York City in April. It is well established that unions provide benefits to workers — that they raise wages for their members (and even for nonmembers ). They can help reduce inequality .
A new study suggests that unions may also help children move up the economic ladder.
Researchers at Harvard , Wellesley and the Center for American Progress, a liberal think tank, released a paper Wednesday showing that children born to low-income families typically ascend to higher incomes in metropolitan areas where union membership is higher.The size of the effect is […]
View Original: How an Area’s Union Membership Can Predict Children’s Advancement
Labor Day is a time to reflect on the fight for workers’ rights and the contributions workers have made to strengthen the U.S. economy. As a former entrepreneur and business owner, I understand the value of having skilled, empowered employees and colleagues.
Nearly a decade ago, we endured the worst economic downturn since the Great Depression. From February 2008 to February 2010, the U.S. lost 8.7 million jobs. Over the next six and a half years, the economy slowly rebounded, but while more people are working, many people are still struggling because we still have not fully recovered from the […]
View Original: Guest opinion: Workers need more protections this Labor Day
INTERNATIONAL COMPARISONS OF
reedom from the constraints of aristocratic society lured many of our ancestors tocross the ocean to the New World. European visitors such as Alexis de Tocqueville marveled at the economic dynamism and social mobility of American society in the first half of the nineteenth century.1 More recently, immigrants continue to cross our boundaries in search of the promise of the American Dream. Given this history, many Americans believe that the opportunities for moving up the economic ladder are greater in the United States than they arein other countries. But is this widely held assumption of greater […]
View Original: BY JULIA B. ISAACS, The Brookings Institution
India, where 50% of the wealth is controlled by the richest 1%, is on the podium with the largest startup economies in the world. But is the Indian entrepreneurial boom making things better or worse for the 99%?
Entrepreneurship has risen organically among Indians as a profitable and meaningful alternative to the traditional grind. Frequently touted by the government as part of the solution that is lowering poverty rates across the country there are government initiatives for incubating, planning and executing business plans, as well as providing tax exemptions for rising startups—and even exit plans for failed ones.
Nurturing new businesses […]
View Original: Is entrepreneurship driving India’s economic inequality even higher?
Lot’s of material today from CEDA on the bubble: Historically low interest rates, an unprecedented period of continuous economic growth and strong levels of migration have contributed to ever escalating real housing prices in Australia’s capital cities. The rapid pace of house price growth has contributed to growing housing affordability concerns. However, the housing affordability problem is not uniform across Australia. While the issue has particularly affected the cities of Sydney and Melbourne, as Dr Nigel Stapledon outlines in Chapter 1, the Perth market is currently in decline. Additionally, housing booms and busts are a commonality in Australia’s history. […]
View Original: CEDA: Housing bubble to run another 40 years
As long as people have different interests and abilities, in a free society, there will be some income inequality. But government-imposed barriers can make it more pronounced by placing unnecessary obstacles in front of people trying to get ahead.
Economists across the spectrum are concerned about this problem. And there is some agreement about how to help fix it.
In his book “Coming Apart,” Charles Murray of the American Enterprise Institute shows an increasing divergence between how the middle and upper classes live. In 1960, regardless of a woman’s income level, many fewer children were born out of wedlock, attendance at […]
View Original: The Key Barriers Promoting Inequality
Business Insider Australia
Business Insider Australia is the Australian edition of the world’s fastest-growing business news website, Business Insider. Recent Posts
AUSTRALIAN STOCKS CLOSE WHERE THEY STARTED: Here’s what you need to… REPORT: Another senior staff member just resigned from Goldman Sachs The 10 most important things in the world right now Soaring stamp duty costs and prices, especially in Australia’s southeastern corner, are discouraging Australians from selling their homes.According to new research from CoreLogic, less than 5% of all Australian homes changed hands in the year to May, well below the 8%-plus levels […]
View Original: Stamp duties are making Australian housing affordability worse