Tag Archives: employment

The price of wider gaps and weaker links


As Central Texas’ economy booms, its racial divides have only become more acute and costly

As Austin grows, the African-American share of the city’s population is declining, and minorities face poverty and isolation more than their white counterparts. Unchecked, it could cost billions to the area’s economy and allow poverty to continue its generational spread.

Natalie Madeira Cofield spent 12 years working in Los Angeles, New York and Washington. She knows what it’s like to live in a city with a large and vibrant African-American community.When Cofield moved to Austin in August 2011 — just 29 years old at the […]

Female domestic workers usually come from India’s least-developed regions, such as Jharkhand, West Bengal, and Assam. Their journeys are cross-country and transnational, as they seek work as servants in affluent homes.


In the decade after liberalisation, there was a nearly 120 percent rise in the number of domestic workers in India from 7.4 lakh in 1991 to 16.2 lakh workers by 2001, says author Tripti Lahiri, quoting census data in her recently released book, Maid In India . Women constitute over two-thirds of the workforce in this unorganised sector, which also includes chauffeurs and security guards, according to Lahiri’s analysis.

Female domestic workers usually come from India’s least-developed regions, such as Jharkhand, West Bengal, and Assam. Their journeys are cross-country and transnational, as they seek work as servants in affluent homes.

They […]

A tale of two Canadas: Where you grew up affects your income in adulthood


A big-data picture of Canada reveals that the place you grew up determines your financial future. An analysis of millions of Canadians’ income data shows a country of opportunity, with most children out-earning their parents – but also a country pocked with mobility traps, where moving up the income ladder is far from certain

In Canada, geography is destiny: Your financial future, to a surprisingly large degree, depends on the place in Canada where you happen to grow up.

That reality is revealed on this map and our accompanying set of interactive graphics, produced using a new analysis of millions […]

Poor at 20, Poor for Life


Jeff Topping / Reuters It’s not an exaggeration: It really is getting harder to move up in America. Those who make very little money in their first jobs will probably still be making very little decades later, and those who start off making middle-class wages have similarly limited paths. Only those who start out at the top are likely to continue making good money throughout their working lives.

That’s the conclusion of a new paper by Michael D. Carr and Emily E. Wiemers, two economists at the University of Massachusetts in Boston. In the paper, Carr and Wiemers used earnings […]

New rankings tackle old problem: Measuring the outcome of college


A scene at Baruch College in New York. (Carlo Allegri/REUTERS) Some 20 years ago, I spent my summer in Washington, D.C., as an intern for the U.S. News & World Report college rankings. Part of my job was to call colleges to get missing data that was used to compile the rankings or confirm the data that the magazine already had from the school. Princeton University ended up No. 1 in the rankings that year. Last year, Princeton was No. 1. In other words, not much has changed in two decades. The top of the list has remained relatively […]

In search of the elusive American Dream

Illustration: Glen Le Lievre

Recent political shocks – Brexit, Trump and the failure of Theresa May – are prompting much soul-searching and rethinking among the world’s leading economists.

Last week, for instance, Ben Bernanke, former chairman of the US Federal Reserve, gave a speech to a forum of the European Central Bank in which he admitted that "recent political events" had "cast a bright light on some disturbing economic and social trends in the United States".

"Unfortunately, policymakers in recent decades have been slow to address or even to recognise these trends, an error of omission that has helped fuel the voters’ backlash," he said."If […]

A tale of two Canadas: Where you grew up affects your income in adulthood


In Canada, geography is destiny: Your financial future, to a surprisingly large degree, depends on the place in Canada where you happen to grow up.

That reality is revealed on this map and our accompanying set of interactive graphics, produced using a new analysis of millions of Canadians’ income data , the result of years of work by economist Miles Corak.

His study charts intergenerational economic mobility – that is, the chance that people who spent their childhood in that location ended up, as adults, higher on the income and economic-status ranking than their parents. If a region is bright green, […]

GOBERNAR PARA LAS ÉLITES Secuestro democrático y desigualdad económica

www.oxfam.org

Viviendas de las clases medias acomodadas se elevan sobre las comunidades hacinadas en Lucknow, India. Foto: Tom Pietrasik/Oxfam

La desigualdad económica crece rápidamente en la mayorÃa de los paÃses.La riqueza mundial está dividida en dos: casi la mitad está en manos del1% más rico de la población, y la otra mitad se reparte entre el 99%restante. El Foro Económico Mundial considera que esta desigualdadsupone un grave riesgo para el progreso de la humanidad. La desigualdadeconómica extrema y el secuestro de los procesos democráticos por partede las élites son demasiado a menudo interdependientes. La falta decontrol en las instituciones polÃticas produce […]

This is Not Your Parents’ Economy


Illustration: Jonathan Bartlett Inequality is putting the American Dream in peril.

By Rebecca Beyer

M elissa Agnew lives in Charlotte, N.C., a city that ranks high on affordability scales. It’s said to be one of the most desirable places to purchase a home, and a top destination for job-seeking college graduates and newlyweds.But Agnew doesn’t own a home or have a college degree. She went through a painful divorce several years ago, and, even though she was working at the time, the city was anything but affordable for her when she suddenly became the sole breadwinner for her two […]

Lancet Reports on Inequality of US Healthcare

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The UK-based, 1823-founded Lancet is the oldest, best known, and highly respected medical journal.
In early April, it examined the effects of racial discrimination, mass incarceration, economic inequality and lack of universal healthcare as factors in declining US health outcomes. Affordability puts proper care for serious illnesses increasingly out of reach for tens of millions. The Lancet explained a growing survival gap between rich and poor Americans – a difference of up to 15 […]