Tag Archives: technology

How America Gave Up on Change

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In his last book, economist Tyler Cowen wrote about how machine intelligence could change the world. In his new book, The Complacent Class , he writes about the forces that prevent change from happening. In particular, he argues that America has become more averse to change in recent decades, and that this has transformed our work, our leisure, and our neighborhoods.

I asked Cowen to explain his thesis and what it means for our companies, our careers, and even our politics. The conversation was edited for clarity and concision.

HBR: In the book, you write, “Americans are in fact working […]

Housing costs aggravate area’s inequality, report says

BOSTON, MA - 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1)

BOSTON, MA – 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1) Even as Greater Boston becomes more racially diverse, the high cost of housing has left the region increasingly racially and economically segregated over the past five years, a report released Tuesday by a regional planning group said.

Although Greater Boston has made progress closing some gaps, in the health and education of children of color vast economic disparities persist and in […]

Housing costs aggravate area’s inequality, report says

BOSTON, MA - 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1)

BOSTON, MA – 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1) Even as Greater Boston becomes more racially diverse, the high cost of housing has left the region increasingly racially and economically segregated over the past five years, a report released Tuesday by a regional planning group said.

Although Greater Boston has made progress closing some gaps, in the health and education of children of color vast economic disparities persist and in […]

These colleges are better than Harvard at making poor kids rich


Justefrain The campus of Cal State – LA, one of the best schools in the country for economic mobility. When the development offices of massive, astoundingly wealthy universities like Harvard, Yale, Stanford, and Columbia make their pitches to prospective donors, the number one message is always the same: financial aid.

The idea, bolstered by profile after profile of talented students from humble backgrounds accepted into these elite schools, is that giving to Harvard (endowment: $35.7 billion ) and Yale ( $25.4 billion ) helps low-income students from poor towns and neighborhoods afford tuition. The institutions aren’t just leading producers of […]

Unemployment numbers don’t tell real struggles of US families

Unemployment numbers don

© Getty Images Monthly unemployment figures have long been the barometer of America’s economic health. Unfortunately, they fail to tell the real story of the economic pressures experienced by American families, conditions that are rife with employment insecurity that constrict and ultimately threaten the American dream.

It is time for a new measure of economic health, one that takes into account a new national climate that has been changed by technology, labor practices, globalization and cataclysmic events such as the Great Recession and its seemingly bounce-less rebound for low- and middle-income Americans.

To truly understand the economic stability of American families, […]

ICYMI: NJIT top ranked in the nation for student economic upward mobility

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According to a recent ranking, New Jersey Institute of Technology is one of the top colleges in the nation in terms of its ability to increase the economic standing of its graduates.

The honor was conferred by The Equality of Opportunity Project and highlighted in a New York Times op-ed by columnist David Leonhardt. In it, Leonhardt laments that the “heyday of the colleges that serve America’s working class can often feel very long ago,” citing the struggles of institutions like City University of New York and the California state university system, in terms of both budgets and the preparedness […]

Report: Mid-level public institutions excel at economic mobility for grads


Dive Brief:

Elite private institutions are the nation’s best at helping low-income students become high-earning graduates, but mid-level public institutions, like California State University – Los Angeles, are among the nation’s best at producing the greatest number of graduates moving from one economic status to a higher tier of household earnings.

Campus Technology profiles a recent study from the Equality of Opportunity Project, which scores institutions which accept students from the bottom fifth of average income on their ability to send graduates out who place among the nation’s top fifth in average income. While students from the […]

Get you somebody who can do both

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Earlier this month at an event titled “Higher Education and Upward Mobility”, Stanford economist Raj Chetty presented findings from the Equality of Opportunity Project . This study of intergenerational income mobility was possible because its team of leading economists was given access to millions of anonymised tax records several years ago. I first heard about the project late last year when the New York Times related one of a key finding on intergenerational income mobility changes over time: for those born since 1980, the likelihood of making more money than your parents has sharply declined .

The event, held at […]

Is the American Dream Really Dead?


If the new generation can’t do better than their parents, is the American Dream dead? (Photo: Beth Rankin )

Our latest Freakonomics Radio episode is called “Is the American Dream Really Dead?” (You can subscribe to the podcast at iTunes or elsewhere , get the RSS feed , or listen via the media player above.)

Just a few decades ago, more than 90 percent of 30-year-olds earned more than their parents had earned at the same age. Now it’s only about 50 percent. What happened — and what can be done about it? Below is a transcript […]

Is the American Dream Really Dead?


If the new generation can’t do better than their parents, is the American Dream dead? (Photo: Our latest Freakonomics Radio episode is called “Is the American Dream Really Dead?” (You can subscribe to the podcast at iTunes or elsewhere , get the RSS feed , or listen via the media player above.)

Just a few decades ago, more than 90 percent of 30-year-olds earned more than their parents had earned at the same age. Now it’s only about 50 percent. What happened — and what can be done about it?

Below is a transcript of the episode, […]