This is the second installment in an editorial series called The Changing Face of Minnesota. This year, the ECM Publishers Editorial Board is examining demographic changes and disparities in Minnesota that center around race, wealth, age, region and employment. Years before “the 1 percent” was coined as an invective against deeply uneven U.S. wealth distribution, a Minnesota congressman was tilting his sword at the problem.
The late Martin Sabo, a Minneapolis Democrat, repeatedly introduced a bill called the Income Equity Act to limit corporate tax deductions on executive salaries. His ambition, always thwarted, was to use the tax code to […]
View Original: Editorial: Minnesota above average, but economic inequality persists
Scott G Winterton, Deseret News
File – Senator Mike Lee speaks at a Rally in Draper Utah, at the American Preparatory Academy Saturday, March 19, 2016. Many Americans — poor, middle class and wealthy — feel that something is amiss in society that can’t be reduced to economic anxiety but relates more to a sense that nation’s social fabric is fraying, Sen. Mike Lee said. SALT LAKE CITY — Many Americans — poor, middle class and wealthy — feel that something is amiss in society that can’t be reduced to economic anxiety but relates more to a sense that nation’s […]
View Original: Fraying social fabric hurting nation’s economy, Sen. Mike Lee says
About this time every year, roughly 5,000 North Carolina 8-year-olds show they’re ready to shine. Despite the obstacles of poverty that hobble so many of their classmates, these third graders from low-income families take their first state exams and score at the top level in math.
With a proper push and support at school, these children could become scientists, engineers and innovators. They offer hope for lifting families out of poverty and making the state more competitive in a high-tech world.
But many of them aren’t getting that opportunity, an investigation by The News & Observer and The Charlotte Observer reveals. […]
View Original: Why have thousands of smart, low-income NC students been excluded from advanced classes?
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 of […]
View Original: Restoring America’s Economic Mobility
AND ECONOMIC GROWTH*
Federico Cingano, ELS Employment Analysis Division
*Source: OECD (2015) In It Together: Why less inequality benefits all OECD Publishing, Paris.2/15â€¢ Long-standing interest in data collection and analysis â€¢ Early works â†’ mid 1970s; regular data collection â†’ mid 1990sâ€¢ Documented the (increasing) patterns of income inequality across MCs in many publications â€¢ Latest one warns: â€œThe gap between rich and poor is at its highestlevel since 30 yearsâ€OECD work on income distribution â€¦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 […]
View Original: INCOME INEQUALITY SOCIAL MOBILITY
I was wading deep into a wonk-fest of a report about economic mobility. Suddenly, the authors were writing about my mother:
“We think one of the most direct ways to reduce poverty, and possibly to increase economic mobility, is to help single mothers work and to improve their skills so they can earn higher wages.”
If you asked my mother what she did for a living, this is not what she would say. But it is her legacy.My mother taught nursing at a community college for 30 years. That makes her a one-woman anti-poverty machine. My mother is 102 pounds of […]
View Original: 102 pounds of economic-mobility-generating muscle
ehpien Georgetown is one of Washington DC’s most expensive neighborhoods. No one has done more to promote the return of educated professionals to cities than Richard Florida. In his 2002 classic The Rise of the Creative Class , Florida argued that “creative class” professionals like engineers, artists, architects, and college professors held the key to revitalizing America’s cities. He encouraged cities to cater to the tastes of these creative professionals by developing walkable urban neighborhoods well-served by transit and with ample amenities.
Florida’s predictions have come true even more quickly than he expected. “I would have never predicted that this […]
View Original: The author of Rise of the Creative Class is grappling with its dark side
INTERNATIONAL COMPARISONS OF
reedom from the constraints of aristocratic society lured many of our ancestors tocross the ocean to the New World. European visitors such as Alexis de Tocqueville marveled at the economic dynamism and social mobility of American society in the first half of the nineteenth century.1 More recently, immigrants continue to cross our boundaries in search of the promise of the American Dream. Given this history, many Americans believe that the opportunities for moving up the economic ladder are greater in the United States than they arein other countries. But is this widely held assumption of greater […]
View Original: BY JULIA B. ISAACS, The Brookings Institution
Discussion PaPer series
IZA DP No. 10664
Simen Markussen Knut RÃ¸edAny opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the worldâ€™s largest network of economists, whose research aims […]
View Original: Egalitarianism under Pressure: Toward Lower Economic Mobility in the Knowledge Economy?
Income inequality is one of the hottest political issues in the United States. It was at the center of the “Bernie Revolution” in the 2016 Democratic Primaries and continued into the 2016 General Election. A 2015 ABC News poll found that forty-six percent of Americans thought that “the way income and wealth are distributed in the U.S.” worries them a great deal (Feather, 2015). Similarly, Thomas Piketty’s Capital in the 21 Century argued for the dangers of inequality was praised by multiple Nobel Laureate Economists and is already considered one of the most influential books of the […]
View Original: Bernie Sanders can Calm Down, Inequality is not a Big Problem