Tag Archives: skills

What happens when Americans stop moving: A short-read Q&A with David Schleicher

Americans are no longer moving. And that’s a problem for the economy, adversely affecting everything from productivity growth, to income inequality, to monetary policy. At least, that’s the argument of law professor David Schleicher, author of the recent Yale Law Journal article, “ Stuck! The Law and Economics of Residential Stagnation ,” an insightful study of how state and local governments are hindering labor market mobility, why that’s a problem, and what can be done about it.

Below is an abbreviated transcript of our conversation (find the entire transcript here ). You can subscribe to this podcast on iTunes or […]

Remarks by the President on Economic Mobility

THE PRESIDENT: Thank you. (Applause.) Thank you, everybody. Thank you so much. Please, please have a seat. Thank you so much. Well, thank you, Neera, for the wonderful introduction and sharing a story that resonated with me. There were a lot of parallels in my life and probably resonated with some of you.

Over the past 10 years, the Center for American Progress has done incredible work to shape the debate over expanding opportunity for all Americans. And I could not be more grateful to CAP not only for giving me a lot of good policy ideas, but also giving […]

Study Offers Framework for Improving Economic Mobility

Study Offers Framework for Improving Economic Mobility

Improving economic mobility for millions of Americans will require changing the narrative, creating access to good jobs, ensuring that zip codes are not destiny, and transforming the use of data, a report from the US Partnership on Mobility from Poverty argues.

Launched in 2016 with funding from the Bill & Melinda Gates Foundation and staffed and supported by the Urban Institute , the partnership was tasked with answering the question: "What would it take to dramatically increase mobility from poverty?" The report, Restoring the American Dream: What Would It Take to Dramatically Increase Mobility From Poverty? (22 pages, PDF), found […]

POINT: Negative effects of income inequality must be considered

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Of all the dilemmas Americans fight about over Twitter, one of the most pressing issues has largely been left out of the picture: income inequality. Fewer than half of Americans think income inequality is a serious problem, yet the results of it are catastrophic.

Income inequality can best be defined as an unequal percentage of income compared to the percentage of the population. Essentially, it’s an unequal distribution of wealth that results in a small population controlling a large amount of a country’s income.

The problem of income inequality has been growing significantly in the United States for the last 30 […]

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 […]

Community-led R&D can power job growth in small-town America


Above: An Innovation Collective meeting Over the past few years, economic inequality has become a topic of focus for economists, politicians, and leaders of industry. Tech titans are starting to discuss concepts like the future of capitalism , universal basic income , and wealth redistribution as the technology they’ve developed starts to automate more and more jobs.

New York, Los Angeles, San Francisco, and Seattle have seen average wages rise at an unprecedented rate, while smaller towns across middle America have, in many cases, lost jobs and businesses . This has been compounded by a mix of highly skilled talent […]

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 […]

Income inequality isn’t as bad as you may think

Income inequality isn

© Getty Images There are as many narratives about income inequality as there are papers. Over the last few days, two reports have appeared in stark contrast with one another. An 80-page note by Deutsche Bank sheds light on dramatically increasing income inequality in the U.S. and other Organization for Economic Cooperation and Development (OECD) economies.

In line with several earlier academic studies, it shows that the share of income going to the top 10 percent in the United States now exceeds 50 percent, and the top 1 percent receives about 23 percent of all income.

While all income groups have […]

Income inequality isn’t as bad as you may think – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise


There are as many narratives about income inequality as there are papers. Over the last few days, two reports have appeared in stark contrast with one another. An 80-page note by Deutsche Bank sheds light on dramatically increasing income inequality in the U.S. and other Organization for Economic Cooperation and Development (OECD) economies.

In line with several earlier academic studies, it shows that the share of income going to the top 10 percent in the United States now exceeds 50 percent, and the top 1 percent receives about 23 percent of all income.

While all income groups have seen an increase […]

The Ugly Face of Inequality in India

The Ugly Face of Inequality in India

Income inequality in India has hit its highest level in 92 years . New figures from Credit Suisse suggest the wealthy elite of India, its richest 1%, now own 58.4% of the wealth. This makes India, often revered as a key rising economic power among the developing nations, the second-most unequal country in the world. What is behind this recent rise in inequality? And is it really a problem?

Causal Factors

Social divides in India have often been attributed to its rigid caste system. This system takes roots in Hinduism, which traditionally separated people into four groups: at the […]