Tag Archives: skills

Do welfare states boost economic growth, or stunt it?

Social reformer Francis Perkins

Women in politics are sometimes accused of consciously exploiting their femininity to get ahead in a male-dominated world.

Frances Perkins did that, but in an unusual way: she tried to remind men of their mothers.

She dressed in a plain, three-cornered hat, and she refined the way she acted, based on careful observation of what seemed to be most effective in persuading men to accept her ideas.Perhaps it’s no coincidence that those ideas could reasonably be described as maternal or parental.Any parent wants to shield their children from serious harm, and Perkins believed governments should do the same for their citizens.She […]

The century gap: Low economic mobility for black men, 150 years after the Civil War

Social-Mobility

Editor’s Note:

On Tuesday, September 5th, the Brookings Institution’s Center on Children and Families and the Race, Prosperity, and Inclusion initiative will host J.D. Vance, author of Hillbilly Elegy, and William Julius William, author of The Truly Disadvantaged, to further explore the race and class divide in America. To register for this event, please click here.

The legacy of American racism is dominating the headlines again. One of the arguments used against the removal or relocation of Confederate symbols is that “it is simply part of our history”. This is not the case. The results of the enslavement, disenfranchisement […]

Without reforms, America’s employment prospects are bleak

Without reforms, America

© Getty Images The American workforce is expected to face multiple headwinds over the next decade, including an aging population, greater automation and continued stratification by skill levels and educational attainment. These challenges — made clear in the Bureau of Labor Statistics recently issued employment projections for America in 2026 — highlight the need to promote greater economic mobility through policies that range from labor law to land-use regulations.

There long have been warnings about American workers’ diverging economic prospects, with middle-skill occupations hollowed-out from the twin disruptions of technological innovation and globalized markets. The BLS report reminds us […]

Today’s Three Important Megatrends

Ray Dalio eBook

When Peter Berezin, Chief Global Strategist at BCA Research, looks at three largely non-consensus megatrends shaping society, he doesn’t engage in “happy talk,” as he describes it. He sees global migration with open borders for skilled workers benefiting the developed world, but also notes that if the delicate issue is not properly managed rising economic stability. He considers social fragmentation that is rife across the developed world brandishing a populist flag and sees the unanswered rage as threatening democracy itself, which millennials don’t seem to particularly care for anyway. Then he looks at aging trends across the developed world […]

The Monetary Policy Outlook and the Importance of Higher Education for Economic Mobility

Remarks at the Council for Economic Education’s 56th Annual Financial Literacy & Economic Education Conference, New York City

Good afternoon. It is a pleasure to have the opportunity to speak at this Council for Economic Education (CEE) event, marking the CEE’s 56th Annual Financial Literacy and Economic Education Conference. Given the hard lessons of the financial crisis—and the economic challenges still facing many Americans—there are few goals more worthy than promoting greater financial and economic literacy. As always, what I have to say reflects my own views and not necessarily those of the Federal Open Market Committee (FOMC) or the […]

Inequality Expert Miles Corak Appointed to the GC Faculty

Press Release

FOR IMMEDIATE RELEASE
Media contact: Tanya Domi, 212-817-7283, tdomi@gc.cuny.edu ,

Internationally Known Inequality Expert Miles Corak Appointed to the Faculty of the Graduate Center, CUNY NEW YORK , Oct. 30, 2017 — Renowned economist and public policy expert Miles Corak has been appointed to the faculty of the Graduate Center of the City University of New York (CUNY) , where he will also be a senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality .Corak is currently a full professor of economics at the University of Ottawa and the economist […]

The century gap: Low economic mobility for black men, 150 years after the Civil War

Social-Mobility

The legacy of American racism is dominating the headlines again. One of the arguments used against the removal or relocation of Confederate symbols is that “it is simply part of our history”. This is not the case. The results of the enslavement, disenfranchisement and exclusion of black Americans remain visible and vivid in 21st century America.

Take the economic gap between black and white Americans, which is stark and stubborn. Black median household income was $36,898 in 2015, compared to $62,950 for whites . The gap has actually widened slightly since 2002 (from $23,500 to $26,000).

The black-white income gap obviously […]

What shape will an inclusive growth agenda take in Canada?


Governments have come to recognize that income inequality hinders economic growth. How policy-makers will support inclusive growth remains to be seen.

Conventional wisdom on the relationship between economic growth and inequality has been turned on its head in recent years. The world’s leading economic institutions — the OECD, the World Economic Forum, the International Monetary Fund and the European Commission — no longer conceive of growth and social inclusion as unrelated policy goals. Indeed, each of them has endorsed in one form or another an inclusive growth agenda that “can create opportunities for all segments of the population and […]

The Monetary Policy Outlook and the Importance of Higher Education for Economic Mobility

Remarks at the Council for Economic Education’s 56th Annual Financial Literacy & Economic Education Conference, New York City

Good afternoon. It is a pleasure to have the opportunity to speak at this Council for Economic Education (CEE) event, marking the CEE’s 56th Annual Financial Literacy and Economic Education Conference. Given the hard lessons of the financial crisis—and the economic challenges still facing many Americans—there are few goals more worthy than promoting greater financial and economic literacy. As always, what I have to say reflects my own views and not necessarily those of the Federal Open Market Committee (FOMC) or the […]

Youth Likely to Face Higher Inequality in Old Age: OECD


Disadvantages in health, education, employment and earnings are main dimensions of inequality over life course, says report. Younger generations have been experiencing more unstable labour market conditions and widening inequalities, Organization for Economic Co-operation and Development (OECD) said on Wednesday.

This contributes to widening inequality in old age, while socio-economic disparities in health status remain large, according to a report released by OECD.

“Ageing unequally is detrimental to future economic growth, particularly where inequality of opportunity locks in privilege or exclusion, undermining intergenerational social mobility and jeopardising social cohesion,” the report said.Defining ageing unequally phenomenon as an inequality that develops throughout […]