Illustration: Peter C. Espina/GT
America has been recovering from its last major financial and economic crisis – that’s what a lot of Americans believe today. Inputting and strengthening this belief are statistics from official sources. For example, November’s job report from the US Bureau of Labor Statistics (BLS) shows that 178,000 new jobs were added in the month, and that the rate of unemployment fell to 4.6 percent.
While the official numbers look good, people’s actual feelings and experiences seem to be running the other way. In a recent survey conducted by the Associated Press, only 18 percent of the respondents […]
View Original: Studies show no real recovery for America
At Storytellers of New Jersey Income Inequality in America: Social Mobility In an American Plutocracy
Pin It The last two articles defined plutocracy and then how that with income inequality impacts the economy. Now, the immense divide in income inequality obstructs social mobility, destroying hopes for the American Dream.Michael Hiltzik of the Los Angeles Times reports, “Income inequality produces stagnating wages for middle- and working-class employees […] causing low growth and less employment […] which create obstacles to social mobility.” Social mobility is the ability for any citizen to move about the low, middle, and upper […]
View Original: Income Inequality in America: Social Mobility In an American Plutocracy
In 1949 the historian Carey McWilliams defined California as the “the Great Exception” — a place so different from the rest of America as to seem almost a separate country. In the ensuing half-century, the Golden State became not so much exceptional but predictive of the rest of the nation: California’s approaches to public education, the environment, politics, community-building and lifestyle often became national standards, and even normative.
Today California is returning to its outlier roots, defying many of the political trends that define most of the country. Rather than adjust to changing conditions, the state seems determined to go […]
View Original: California as Alt-America
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 […]
View Original: Restoring America’s Economic Mobility
To promote economic mobility, we must strengthen families, improve education, and increase access to good jobs. Tweet this
"Social policy faces an uphill battle as long as families continue to fragment," scholar Isabel Sawhill warns. Tweet this It’s easy to feel pessimistic about the state of American society. Poverty is widespread. Steady, well-paying jobs are scarce. Economic inequality is high, and mobility is low. Fewer adults are getting married, meaning more children are seeing their parents break up. Too many kids are stuck in failing schools, and too many young adults are stuck in dead-end jobs.These […]
View Original: Strengthening the Three Pillars of the American Dream: Education, Work, and Marriage
Seitia Harris (right), and her daughters Neosha (left) and T’nya (center). The family moved eight years ago from a public housing project in Chicago to a middle class suburb, as part of a residential mobility program known as Gautreaux II. – Chicago’s recent spike in gun violence has economic effects — and causes — that can feed on each other in a vicious cycle. Playing a central role in that cycle is, of all things, housing policy . Chicago’s policies have a long, racially charged history that has lead to segregation and high concentrations of […]
View Original: Changing neighborhoods can change your life
Glen Ford is a distinguished radio-show host and commentator. In 1977, Ford co-launched, produced and hosted America’s Black Forum , the first nationally syndicated Black news interview program on commercial television. In 1987, Ford launched Rap It Up , the first nationally syndicated Hip Hop music show, broadcast on 65 radio stations. Ford co-founded the Black Commentator in 2002 and in 2006 he launched the Black Agenda Report . Ford is also the author of The Big Lie: An Analysis of U.S. Media Coverage of the Grenada Invasion . KIM BROWN: Welcome to The Real News Network in Baltimore. […]
View Original: Researchers Fault Mass Incarceration for Black-White Wage Gap Returning to 1950’s Levels
Format: Print Length Language: English
Format: PDF / Kindle / ePub
Size: 11.47 MBDownloadable formats: PDFBy not doing this, we all lose, even the rich. The higher the ratio, the higher the level of income inequality. The “fortunate fifth,” in Robert Reich’s endlessly repeated phrase, isn’t fortunate — it is hard-working. We can summarise this by saying that the lower the value the greater the equality. Posted by Mark Thoma on Thursday, October 6, 2016 at 12:06 AM in Economics, Links There is truly something for everyone! presentations for free.Pages: 437Publisher: Routledge (May 20, 2015)ISBN: B00XYKXN9IThe Economics of the Good Society: […]
View Original: Read online Back to Shared Prosperity: The Growing Inequality of Wealth and Income in America: The Growing Inequality of Wealth and Income in America PDF, azw (Kindle), ePub
It is an ambitious goal. The economy has averaged only 2.1 percent annual growth since 2009, and the central challenge, economists say, is not policy so much as the fact that more mature economies grow more slowly.
Yet even if Trump were to fuel a faster expansion than President Obama, there are questions about what that would feel like for American households.
By Mr. Trump’s reckoning, a thriving economy lifts all workers – and that has been true in the past, most recently during the 1990s. But many economists counter that the Reagan-era economic mantra Trump is adopting has been a […]
View Original: If Donald Trump supercharges economy, who will benefit?
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