Tag Archives: skills

Crucial issue for 2018 governor’s race? Middle-class jobs

In this 2015 photo, a crowd in Redwood City looks at the prototype for a fighting robot. Robotics is an example of a booming field that isn

In this 2015 photo, a crowd in Redwood City looks at the prototype for a fighting robot. Robotics is an example of a booming field that isn’t well-served by California’s education status quo. (AP) The three candidates with multimillion-dollar war chests in the 2018 California governor’s race — all Democrats — are wooing voters by focusing on the less fortunate. Lt. Gov. Gavin Newsom says, “For too many, the economic recovery has become a spectator sport .” Former Los Angeles Mayor Antonio Villaraigosa says Californians should focus more on those who take the bus than drive Teslas . State […]

The Intrinsic Value of Inclusive Growth

Speeches

Presented by Patrick T. Harker, President and Chief Executive Officer
Federal Reserve Bank of Philadelphia
Pennsylvania Economic Association Annual Conference Reading, PAGood afternoon and welcome; it’s a pleasure to be here.Today, I’d like to give an overview of the economic outlook, including my views on monetary policy, then talk a bit about a subject that’s crucial to economic success on a local, regional, and national level but that often gets treated as a separate subject: economic growth and mobility.Before I do that, let me perform the sacred Fed ritual of delivering the standard disclaimer: The views I express […]

The Dream Hoarders: How America’s Top 20 Percent Perpetuates Inequality

The Dream Hoarders: How America

Editor’s Note : This essay is an edited excerpt from Dream Hoarders: How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do About It.

In January 2015, Barack Obama suffered an acute political embarrassment. A proposal from the budget he’d sent to Congress was dead on arrival—but it was the president himself who killed it.

The idea was sensible, simple, and progressive. Remove the tax benefits from 529 college saving plans, which disproportionately help affluent families, and use the money to help fund a broader, fairer system of […]

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 […]