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 […]

New York Times reports on inequality at College


Twenty-one percent of Dartmouth students come from families in the top one percent of total income earners, a recent New York Times report on college economic diversity found.

The study, using data from the Class of 2013, revealed that Dartmouth students have disproportionately wealthy backgrounds, even in comparison to students at other Ivy League and highly-selective schools.

According to the report, the median family income of a Dartmouth student is $200,400, which is the second highest among Ivy League schools and 24th among colleges nationwide. Dartmouth ranks highest in the Ivy League and 11th among all colleges for students from the […]

Yikes: Wesleyan Ranks 1972nd in Economic Mobility for Low Income Students

Winter Wesleyan, Jan. 20, 2012.

“The numbers are always underwritten by the real struggles against classism and the impactful activism of low-income students.” [Updated 1/24/17, 9:45AM] The infographic has the minimum wage at Wesleyan listed at $9.60. This was the wage for 2016, but the state of Connecticut raised the wage to $10.10 effective Jan. 2017.

For countless cycles of matriculation, prospective Wes students have been concerned about our reputation on College Confidential. TBT amirite? This worry soon goes away (hopefully), for a variety of reasons. Despite our Forbes ranking of #9 in the country last year, I’d say most of us still don’t […]

Income Inequality in America: Social Mobility In an American Plutocracy

Income Inequality in America: Social Mobility In an American Plutocracy

Credit: Slate

At Storytellers of New Jersey Income Inequality in America: Social Mobility In an American Plutocracy

Pin It The last two articles defined plutocracy and then how that with income inequality impacts the economy. Now, the immense divide in income inequality obstructs social mobility, destroying hopes for the American Dream.Michael Hiltzik of the Los Angeles Times reports, “Income inequality produces stagnating wages for middle- and working-class employees […] causing low growth and less employment […] which create obstacles to social mobility.” Social mobility is the ability for any citizen to move about the low, middle, and upper […]

Read online Back to Shared Prosperity: The Growing Inequality of Wealth and Income in America: The Growing Inequality of Wealth and Income in America PDF, azw (Kindle), ePub


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Size: 11.47 MBDownloadable formats: PDFBy not doing this, we all lose, even the rich. The higher the ratio, the higher the level of income inequality. The “fortunate fifth,” in Robert Reich’s endlessly repeated phrase, isn’t fortunate — it is hard-working. We can summarise this by saying that the lower the value the greater the equality. Posted by Mark Thoma on Thursday, October 6, 2016 at 12:06 AM in Economics, Links There is truly something for everyone! presentations for free.Pages: 437Publisher: Routledge (May 20, 2015)ISBN: B00XYKXN9IThe Economics of the Good Society: […]

The middle class perseveres despite economic perils


TRIBUNE NEWS SERVICE MINNEAPOLIS — Money’s tight for Curtis Griesel, mostly because of the costs of health care and college tuition, but he still considers himself middle class.

Household income for Griesel, his wife and their three teenage sons is in the ballpark of the Minneapolis-area median. They live in Bloomington, Minn., in a home built in 1955, don’t own a lot of expensive things, can afford to pay their bills, travel and save a little money.

To Griesel, it’s not getting harder to be middle class, it’s getting harder to meet middle class expectations.“I think our cultural expectations have elevated, […]

Restoring America’s Economic Mobility

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LinkedIn Print E-mail Download Issue Had Marx been asked what would happen to America if it ever became economically immobile, we know what his answer would be: Bernie Sanders and Hillary Clinton. And also Donald Trump. The anger expressed by the voters in 2016—their support for candidates from far outside the traditional political class—has little parallel in American history. We are accustomed to protest movements on the Left, but the wholesale repudiation of the establishment on the Right is something new. All that was solid has melted into air, and what […]

Stress in America: ‘Everybody outside of the top is suffering’

The stresses of poverty in the United States have grown so intense that they are harming the health of lower-income Americans – even prematurely leading to their death.

A report published Monday by The Hamilton Project at the Brookings Institution finds that stress levels have greatly increased for Americans at all income levels since the 1970s, but especially for low-income groups.s.

The report doesn’t measure stress as we typically think about it in daily life. Instead, the researchers track "stress load," an index of certain biological markers like blood pressure, cholesterol level, and kidney and liver function, that they say are […]

‘Everybody outside of the top is suffering’: How stress is harming America’s health


(Washington Post illustration; iStock) The stresses of poverty in the United States have grown so intense that they are harming the health of lower-income Americans – even prematurely leading to their death.

A report published Monday by The Hamilton Project at the Brookings Institution finds that stress levels have greatly increased for Americans at all income levels since the 1970s, but especially for low-income groups, as the chart below shows.

The report doesn’t measure stress as we typically think about it in daily life. Instead, the researchers track "stress load," an index of certain biological markers like blood pressure, cholesterol […]

Is Inequality Entrenched Forever?


Paul Sweeney: Will the poor be always with us, as the Bible warned? Comparing the family wealth to those with the same surname today, a new study suggests that the richest families in Florence 600 years ago remain the same today.

This study, by two Italian economists, Guglielmo Barone and Sauro Mocetti, analysed Florentine taxpayers back in 1427 to those in 2011. In almost 600 years, they found “The top earners among the current taxpayers were found to have already been at the top of the socioeconomic ladder six centuries ago.” Thus they challenge the orthodox view where most scholars, […]