America’s surging economic inequality has been blamed for everything from crony capitalism to the displacement of once good-paying jobs by globalization and new technology. But according to a major recent study, the real culprit in both the growing gap between the rich and poor can be traced to the neighborhoods in which we are born and raised.
The study, which expands on the crucial ongoing work of the Harvard sociologist Robert J. Sampson and included in a larger economic mobility report from the St. Louis Fed , examines the rise of neighborhood inequality and its effects on the economic mobility […]
View Original: The Persistent Inequality of Neighborhoods
These are both long-standing Income inequality. Did he use this market dominance to “income inequality in a capitalist system is truly beautiful” because “it provides the Millions of jobs, Did he use this market dominance to “income inequality in a capitalist system is truly beautiful” because “it provides the Millions of jobs, Goal 10—Why Addressing Inequality Matters. Management We would like to show you a description here but the site won’t allow us. And beyond simply attaining a job, the to require more education and more Apr 24, 2017 A surprising number of occupations use linear equations. inequalities example […]
View Original: Jobs that use inequalities
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 […]
View Original: Education Isn’t the Key to a Good Income
The story we tell ourselves about upward income mobility is unraveling. The majority of respondents to a New America survey felt that it is harder than ever to attain a foundational element of the American dream, in which children earn more than their parents. But most respondents still believe another tenet of the American mobility narrative: that going to college creates upward mobility.
While it is true that college graduates do better in our economy than nongrads, earnings from different college degrees vary considerably. For low-income students in particular, not all college degrees are equally valuable. These and other recent […]
View Original: Leveraging new data can help low-income students climb the economic ladder, writes Michael Lawrence Collins.
The town of Cherokee sits in the Qualla Boundary, a large tract in North Carolina that is home to the Eastern Band of Cherokee and the Cherokee Central School. Skooter McCoy was 20 years old when his wife, Michelle, gave birth to their first child, a son named Spencer. It was 1996, and McCoy was living in the tiny town of Cherokee, North Carolina, attending Western Carolina University on a football scholarship. He was the first member of his family to go to college.
McCoy’s father had ruined his body as a miner, digging tunnels underneath lakes and riverbeds, and […]
View Original: Free Money: The Surprising Effects of a Basic Income Supplied by Government
(Bloomberg) — By many measures, the city of Chicago, the third most populous in the U.S., is doing well. The city’s well-diversified economy has bounced back from the lost decade of the Great Recession, in terms of both output and employment levels. Meanwhile, the city hasn’t seen the kind of dramatic rise in housing costs suffered in many other cities: average rent is lower even than in sprawling Los Angeles, and housing is still a buyer’s market.
Perhaps partly for that reason, companies are moving to Chicago: Caterpillar Inc., for example, is shifting its headquarters from Peoria in central Illinois, […]
View Original: Opinion Chicago’s rebound is in deep trouble. Here’s why.
Calling All Entrepreneurs to Rekindle the American Dream
By Gonzalo Schwarz, CEO and founder of the Archbridge Institute
The best known definition of the American Dream is by James Truslow Adams in his book The Epic of America :“ … that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement. … It is not a dream of motor cars and high wages merely, but a dream of a social order in which each man and each woman shall be able to attain […]
View Original: Calling All Entrepreneurs to Rekindle the American Dream
© Getty Images The American workforce is expected to face multiple headwinds over the next decade, including an aging population, greater automation and continued stratification by skill levels and educational attainment. These challenges — made clear in the Bureau of Labor Statistics recently issued employment projections for America in 2026 — highlight the need to promote greater economic mobility through policies that range from labor law to land-use regulations.
There long have been warnings about American workers’ diverging economic prospects, with middle-skill occupations hollowed-out from the twin disruptions of technological innovation and globalized markets. The BLS report reminds us […]
View Original: Without reforms, America’s employment prospects are bleak
Dental program students work in the lab at the University of Alberta in Edmonton Alberta, October 11, 2017. (Photograph by Jason Franson) When Bernie Sanders took his well-publicized cook’s tour of Canada’s much-vaunted universal public health care system recently, he wouldn’t have seen a cavity being ﬁlled or a root canal performed or a missing front tooth replaced. That’s because most oral health care is exempt from provincial and territorial health-care plans (some dental services are covered by government dental programs, but working-class people lacking employer coverage are on their own).
It’s a glaring omission that’s both illogical and a […]
View Original: How bad teeth are at the root of income inequality in Canada
by Yingling Fan
In the U.S., women have historically had less access to cars, but their traditional, gendered family roles have increased their share of household-related trips—think daycare pickup, grocery shopping, and the like. The mismatch between women’s mobility constraints and burdens has, in turn, created significant restrictions in women’s labor market choices. As a result, employed women’s work commute trips were, for decades, shorter in both distance and time than those of employed men.
Over time, women and men have played more similar roles at work and home. Since gender differences in travel behavior are often regarded as a […]
View Original: Mobility and Flexibility Expand Working Mothers’ Success