Tag Archives: employment

PAI: To boost the state’s economy, flip our thinking


Public Assets Institute (link is external) Even before Congressional Republicans passed the tax overhaul this month that promises to widen the worst income gap between rich and poor since before the Great Depression, there was ample evidence that the economy was leaving too many Vermonters behind. Now, as the president prepares to sign the bill, the task for Vermont’s leaders and policymakers grows urgently clear: They must focus on raising the incomes of low- and moderate-income Vermonters, challenging the message from Washington that wages will rise and prosperity will spread as soon as the economy improves.

State of Working […]

Barton: Valley EDCs understand importance of closing digital divide


MCALLEN, RGV – Jordana Barton, senior advisor at the Federal Reserve Bank of Dallas, says economic development leaders in the Rio Grande Valley do get the importance of closing the digital divide.

In a wide-ranging interview with the Rio Grande Guardian, Barton was asked why so few economic development corporations in the Valley make digital inclusion a central plank of their mission statement.

“I believe the EDCs do get it. I think they realize the digital divide is a structural barrier to attracting business, to upward mobility for families. We definitely know that,” Barton said.Barton was part of a delegation of […]

Income inequality in the united states

Why it matters: Rising inequality is not just a story of those in the financial sector in the 13 Jun 2017 This eye-popping chart on inequality is a slap in the face of America’s middle class Look no further than this eye-popping chart of income growth between 1980 and 2014 courtesy of Berkeley’s elite-squad of inequality research, including Thomas Piketty, Emmanuel Saez, and Gabriel Zucman. 2 Nov 2015 It is not surprising that income inequality has been a major topic in the U. 16 Jun 2016 For the United States overall, the top 1 percent captured 85. We compare […]

INCOME INEQUALITY SOCIAL MOBILITY

AND ECONOMIC GROWTH*

Federico Cingano, ELS Employment Analysis Division

*Source: OECD (2015) In It Together: Why less inequality benefits all OECD Publishing, Paris.2/15• Long-standing interest in data collection and analysis • Early works → mid 1970s; regular data collection → mid 1990s• Documented the (increasing) patterns of income inequality across MCs in many publications • Latest one warns: “The gap between rich and poor is at its highestlevel since 30 yearsâ€OECD work on income distribution …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 […]

What the 2016 Election Revealed About the Limits of ‘College for All’


Photo Credit: Shutterstock / Jannis Tobias Werner For decades, attending college has been the sole recipe for social and economic mobility offered up by Republicans and Democrats alike. But the 2016 election revealed the limits of "college for all." For one, only one-third of Americans actually have bachelors degrees, as Joan Williams points out in her new book, The White Working Class: Overcoming Class Cluelessness in America . Williams, a Distinguished Professor of Law, UC Hastings Foundation Chair, and the founding director of the Center for WorkLife Law at UC Hastings College of the Law, argues that higher education […]

Income inequality and educational opportunity

, 2014). The growth in family income inequality in the U. The salience of intergenerational transmission has grown with the rise in income inequality, which makes it harder for families of modest incomes to keep up in the educational investment arms race (Chetty et al. The average income of the richest 10% of the population Please cite this paper as: Cingano, F. The mechanism that drives our results is a combination of credit constraints and the ‘signaling’ role of education first explored by Spence [Spence, A. C. Economic growth has made that dream a reality for generations of Americans, […]

Effects of income inequality on economy

Empirical growth effects of income inequality The forgoing shows that the relationship between the degree of income inequality and economic growth is Discusses the consequences of economic inequality, the effects of highly concentrated wealth are hotly debated Income inequality in today’s China impact of inequality the excessive levels of inequality in the U. Global trends have led to an increasing concentration of wealth in an increasingly small number of Evidence from a current panel of harmonized worldwide data highlights a robust negative effect of income inequality on economic growth that we trace back to its transmission channels. Economic Growth?: […]

Education Isn’t the Key to a Good Income

A man climbs a ladder.

One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.

A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]

India’s high inequality is hurting growth


Income concentration seems to have curbed the growth of broadbased demand, while the rich approach satiation levels

Inequality is one issue which Indians always shy away from; we do not want to accept that it is there, and that economic reforms have actually widened the wedge. While poverty definitions are fairly amorphous given the absence of a singular measure, inequality is even more nebulous on account of the absence of data, and hence it is hard to calculate the Gini coefficient.

While practical observations do reveal that billionaires living in mansions are surrounded by the destitute with little hope, the official […]

Education Isn’t the Key to a Good Income

A man climbs a ladder.

One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.

A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]