Tag Archives: upper class

Why do we think poor people are poor because of their own bad choices?


Cecilia Mo thought she knew all about growing up poor when she began teaching at Thomas Jefferson senior high school in south Los Angeles. As a child, she remembered standing in line, holding a free lunch ticket. But it turned out that Mo could still be shocked by poverty and violence – especially after a 13-year-old student called her in obvious panic. He had just seen his cousin get shot in his front yard.

For Mo, hard work and a good education took her to Harvard and Stanford. But when she saw just how much chaos and violence her LA […]

The Aristocracy That Let Me In


Via WikiCommons . Over the past seven years, I received over $330,000 of need-based financial aid, and it gave me a one-way ticket to the new American elite.

I grew up attending public schools in Iowa and Ohio until increasing frustration with my schooling led my family and me to reply to a flier that we received alerting us to the existence of boarding schools. Up until then, I believed boarding schools only existed in England; I had never heard of “Exeter” or “Andover.” I applied to four schools and chose to attend the Middlesex School of Concord, Massachusetts, despite […]

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.

Keith Bedford / Reuters 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 […]

Success of Indians in the U.S. showcases importance of education


Indian Americans are the wealthiest and most highly educated immigrants in the United States; the secret to their success lies in the selection process in India, says Economics Professor Nirvikar Singh. (Photo by Melissa De Witte) At a moment when immigration to the United States is being challenged at the highest levels of government, the experience of Indian immigrants in America offers valuable lessons about the mutual benefits of open borders.

Indian Americans are the wealthiest and most highly educated immigrants in the country. But there’s nothing special about Indians per se, according to Economics Professor Nirvikar Singh, coauthor of […]

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 […]

Social inequality in america essay


> Social inequality in america essay

For about a century, economic inequality has been measured on a scale, from zero to one, known as the Gini index and named after an Italian statistician, Corrado Gini 11/20/2012 · Video embedded · Infographics on the distribution of wealth in America , highlighting both the inequality and the difference between our perception of inequality …“Our inequality materializes our upper class, vulgarizes our middle class, brutalizes our lower class.” – Matthew Arnold, English essayist (1822-1888)A summary of Poverty in America in ‘s Social Stratification and Inequality . Learn exactly what happened in this […]

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.

Keith Bedford / Reuters 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 […]

Restoring America’s Economic Mobility

Facebook

Twitter

LinkedIn Print E-mail Download Issue For parents in the top U.S. decile, 46 percent of their kids will end up in the top two deciles and only 2 percent in the bottom decile. The members of the top decile comprise a New Class of lawyers, academics, trust-fund babies, and media types—a group that wields undue influence in both political parties and dominates our culture. These are the people who said yes, there is an immigration crisis—but it’s caused by our failure to give illegals a pathway to citizenship!There’s a top ten […]

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 […]

Egalitarianism under Pressure: Toward Lower Economic Mobility in the Knowledge Economy?

Discussion PaPer series

IZA DP No. 10664

Simen Markussen Knut RøedAny opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world’s largest network of economists, whose research aims […]