Tag Archives: wealth

Chile Is More Equal and More Prosperous Than Ever Thanks to Capitalism

Chile Is More Equal and More Prosperous Than Ever Thanks to Capitalism

Studies found younger generations have a more equitable income distribution than older generations. By Luis Alberto Ahumada Abrigo

The Chilean government is promising structural economic reforms under the premise that the current “neo-liberal model” is not creating adequate results and is contributing to rising inequality.

The government argues that change is necessary to ensure greater equality. Equality, a concept frequently praised by the political left, is prompting proponents of a statist system to advocate for the end of the current market-oriented one. However, there is little evidence to assert that Chile’s current economic model has deepened inequality. In fact, the free-market […]

Income Disparity Is Tearing Us Apart


NONFICTION

Toxic Inequality: How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide & Threatens Our Future

By Thomas M. Shapiro Basic Books 225 pages, $28 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 By Richard V. Reeves Brookings Institution Press 156 pages, $24 By Peter SimonThese books, although far different in style, convey the same urgent message: It is time to do something immediate and dramatic about income inequality.And that, the authors […]

NCAA Recruitment Of First Generation Athletes Is On A Serious Decline


In just a couple of decades, the system of college athletic recruitment has had a major facelift. It was once almost a cliche for recruiters to regularly visit low-income households and court the talented children of parents who never went to college. Today, recruiters appear to be more focused on athletes that can get into better high schools and AAU programs.

Tom Farrey of ESPN’s The Undefeated studied this trend in a piece entitled “The Gentrification of College Hoops .”

After obtaining data on NCAA athletes, Farrey found that the number of first generation athletes for Division-I programs had decreased in […]

Analysis of L.A. Neighborhoods Shows Rich-Poor Trust Divide


Buffalo is considering it. Pittsburgh is too. New York, San Francisco, Tallahassee and dozens more municipalities already have it. Particularly in places like Seattle, where rental prices and income inequality are rapidly increasing, inclusionary zoning is seen as a promising but complicated tool for creating more affordable housing by requiring developers to reserve a percentage of new units to be sold or rented below market price. In addition, one study found data showed that, as of 2012, inclusionary zoning was promoting economic integration. But living side by side doesn’t necessarily lead to a meaningful bridging of the income divide.

Authors […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

Income inequality in america essay

income inequality in america essay

The size of that wealth divide is sobering: the median African American household’s net worth is only $7,113, according to the Census Bureau, while the comparable figure for white households is $111,740.4 As we consider what it is going to take to close the wealth divide, it is useful first to understand and acknowledge the level of resources it took to create it in the first place.Before researching this project we came up with factors that we perceived to be major factors causing income inequality.According to this method coefficient varies between 0 and 100; while 0 represents complete equality […]

Education, Hard Work Won’t Bridge America’s Racial Wealth Gap: Report

education_wealth-gap_03-28-2017.jpg

What’s your opinion on this article? Studies show that the racial wealth gap between Whites, Blacks and Latinos will linger and continue to undermine Black wealth growth. Experts estimate it will take centuries for the wealth gap to close and some advocates say self-determination and doing for self are critical for Black economic success and wealth building.

A recent study published by DEMOS, a public policy organization titled, “The Asset Value of Whiteness: Understanding the Racial Wealth Gap” says that White privilege still outweighs the adage that getting ahead for Blacks and Latinos only requires a good education, a good […]

Getting ahead in the city is hard. In rural America, it’s even harder.


Photo by Brett Carlsen/Getty Images It has been snowed over by the rallying stock market and the cascade of controversies in the early months of the Trump administration, but the 2016 election revealed a deep economic and geographic divide in America. That divide remains critical — though not sufficient — to understanding both Donald Trump’s victory in that election and the policy debates that have defined his presidency so far.

Trump’s victory over Hillary Clinton was fueled by a growing Republican dominance in rural areas , as NPR’s Danielle Kurtzleben wrote last fall. Those areas have been left behind by […]

Latinos Increasingly Confident in Personal Finances, See Better Economic Times Ahead

Hispanics more confident in personal finances than in 2008, see better economic times ahead

Yet many economic indicators show few gains for the community since the Great Recession Latinos have become considerably more upbeat about their personal finances and optimistic about their financial future since the Great Recession, according to newly released results from a national survey of Latino adults. The survey also shows that Latinos have pulled even with the general U.S. population in their views of their personal finances and continue to outpace them on optimism about the future. However, community economic indicators show limited progress since the Great Recession.

Four-in-ten Latinos say their personal finances are in “excellent” or “good” shape, […]

How Government Policy Promotes the Racial-Wealth Gap


Charles Krupa / AP There’s little disagreement about the fact that economic inequality is problematic. But arguments persist over its origins, solutions, and which economic gaps are ultimately the most pernicious.

In a his new book, Toxic Inequality : How America’s Wealth Gap Destroys Mobility, Deepens the Racial Divide, and Threatens Our Future , Tom Shapiro, a professor of law and sociology at Brandeis University, lays out how government policy and systemic racism has created vast gaps in wealth between white and black Americans. Shapiro and his colleagues followed 187 families from Boston, St. Louis, and Los Angeles. Half of […]