Tag Archives: upper class

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 […]

‘Pakistanis may not like it that Mr Jinnah fell in love with a Parsi girl, but the truth must be told’

KARACHI: The second day of the Karachi Literature Festival (KLF) featured the launch of books from a range of topics.

Remnants of a Separation, a history of Indian partition through material memory, was launched at a session in Jasmine Hall.

Author Aahchal Malhorta was joined by Naz Ikramullah, Ashraf, Shahzaz, Aizaj Uddin, and Rema Abbsi for a discussion on the book and its theme.“When you are born in India or Pakistan, you cannot escape from the impact of partition”, said Malhotra, “Official history doesn’t encompass everyone so we have to trust peoples’ memory, but memory is inherently fallible so collective memory […]

To Equitably Connect Housing and Economic Mobility for Black Americans, Tackle Structural Racism


Most Americans’ greatest asset is their home. According to the Economic Policy Institute, housing equity makes up two-thirds of wealth for typical American households , and most wealth for black families is held in their primary residence . But because of segregation and structural racism, owning a home has not provided the same value and pathway for wealth creation for black Americans as it has for white Americans. Barriers to buying a home contribute to a wide homeownership gap between black and white households. According to recent research , 42.2 percent of black households owned homes in 2015 compared […]

Remarks by the President on Economic Mobility

THE PRESIDENT: Thank you. (Applause.) Thank you, everybody. Thank you so much. Please, please have a seat. Thank you so much. Well, thank you, Neera, for the wonderful introduction and sharing a story that resonated with me. There were a lot of parallels in my life and probably resonated with some of you.

Over the past 10 years, the Center for American Progress has done incredible work to shape the debate over expanding opportunity for all Americans. And I could not be more grateful to CAP not only for giving me a lot of good policy ideas, but also giving […]

The Ad Industry Keeps Selling An American Dream That Most Aren’t Living


Would you consider yourself middle class? Chances are, whether you’re wealthy, lower income, or actually somewhere in the middle, you still identify as middle class. There are plenty of reasons why that is–“middle class” might be the most used word in modern politics–but a new University of Wisconsin study posits that it could also be because ads are telling us we’re middle class.

The study “Marketing Social Class and Ideology in Post-World-War-Two American Print Advertising” appears in the Journal of Macromarketing and reviewed more than 1,300 randomly selected print ads from 1950 to 2015. It found that the middle, upper […]

Class division: Give better opportunities for people to move up socially

A study on schools and class divide, released in 2016 by the Singapore Children’s Society, found that children from higher socio-economic backgrounds are likelier to attend secondary schools and their affiliated primary schools which had higher admission requirements. TODAY file photo

A study on schools and class divide, released in 2016 by the Singapore Children’s Society, found that children from higher socio-economic backgrounds are likelier to attend secondary schools and their affiliated primary schools which had higher admission requirements. TODAY file photo I refer to the letter, “We should not let social class stratify us” (Dec 31, 2017). On the topic of socio-economic stratification, I would say that class division is not a new phenomenon. It has always existed in our society.

What has changed, however, is the extent of the income gap.

Singapore’s Gini coefficient (which typically measures income inequality and […]

Growing inequality and its repurcussions

Every Pakistani dreams of living in a society where everyone has access to quality education and healthcare, justice and healthy nutrition. Moreover, they aspire to live in a country where power and authority is shared fairly between the rich and the poor irrespective of gender, religion and class. Most importantly, every citizen aspires to live in a land where wealth is not concentrated in hands of a just few.

However, it is sad to note that the gap amongst the rich, mediocre and the poor echelons of our society is rapidly accelerating.

The rich members of our society attain a dominating […]

Escaping Poverty Requires Almost 20 Years With Nearly Nothing Going Wrong

A man cleans up confetti while surrounded by tourists in Times Square in New York.

A lot of factors have contributed to American inequality: slavery, economic policy, technological change, the power of lobbying, globalization, and so on. In their wake, what’s left?

That’s the question at the heart of a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy , by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a much larger, minority-heavy (but […]

Income inequality


Education gap persists between rich and poor

A tale of two cities.

Evanston’s income inequality translates into classrooms at a higher rate than the rest of Illinois, creating a severe academic divide between different socioeconomic classes.“Income inequality plays out in the college access and college success arena,” executive director of Evanston Scholars Steve Newman says. “There are financial barriers to getting to and through college.”The percentage of households in Evanston with an income of less than $10k and percentage of households with an income of more than $200k both exceed the rate of such households in the rest of Illinois. We […]

Opinion Chicago’s rebound is in deep trouble. Here’s why.

Getty

(Bloomberg) — By many measures, the city of Chicago, the third most populous in the U.S., is doing well. The city’s well-diversified economy has bounced back from the lost decade of the Great Recession, in terms of both output and employment levels. Meanwhile, the city hasn’t seen the kind of dramatic rise in housing costs suffered in many other cities: average rent is lower even than in sprawling Los Angeles, and housing is still a buyer’s market.

Perhaps partly for that reason, companies are moving to Chicago: Caterpillar Inc., for example, is shifting its headquarters from Peoria in central Illinois, […]