Tag Archives: skills

Trump’s Budget Represents His Administration’s Plan for Solving America’s Economic Ills

A woman holds a bag of pears.

(Photo: Justin Sullivan/Getty Images) After months of speculation, the Trump administration released last week its full budget proposal for 2018. As expected, the budget calls for increases in spending on defense and border security (including funding for a wall along the southern border of the country). It also manages to balance within 10 years (at least it does, according to some extremely sunny GDP growth projections and highly questionable math ) without making any cuts to Medicare and what the administration describes as the "core" function of Social Security—retirement benefits. It’s a feat that Mick Mulvaney, director of the […]

The EU’s plan to fight ‘inequality’ is undermined by its own data – and King Solomon


King Solomon, taken from a Russian patchwork. (Photo credit: Rogacheva Elena. This photo has been cropped and modified. CC BY-SA 3.0.) Economic growth is so vibrant in Europe that it is time to begin redistributing all the excess wealth, according to EU officials in Brussels. The European Commission issued its country-specific resolutions on Monday, and it believes the recovery from the Great Recession has been robust enough for EU members to turn their vision toward combating “economic inequality.”

“This year, addressing inequality is firmly at the heart of our assessment,” said Marianne Thyssen, the EC’s Commissioner for Employment, Social Affairs, […]

Editorial: Minnesota above average, but economic inequality persists


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 […]

Editorial: Minnesota above average, but economic inequality persists


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 […]

Fraying social fabric hurting nation’s economy, Sen. Mike Lee says


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 […]

Why have thousands of smart, low-income NC students been excluded from advanced classes?


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. […]

Restoring America’s Economic Mobility

Frank Buckley
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 […]

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 […]

102 pounds of economic-mobility-generating muscle


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 […]

The author of Rise of the Creative Class is grappling with its dark side


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 […]