Just in time for last week’s convening of the most powerful and elite in Davos, Oxfam released a disturbing report that 82% of wealth the generated last year went to the richest 1% . Meanwhile, one in five children in rich countries still live in poverty, according to Unicef.
Welcome to the sickeningly unequal distribution of wealth.
These are shameful signs of a society dangerously out of whack. Nevertheless, there’s a battle – and denial over – how we should describe this problem. In some quarters, the word “inequality” itself is rebuked as the culprit. Scholars have even studied why inequality […]
View Original: If Americans don’t like the word ‘inequality’, would ‘fairness’ be better?
On Tuesday, September 5th, the Brookings Institution’s Center on Children and Families and the Race, Prosperity, and Inclusion initiative will host J.D. Vance, author of Hillbilly Elegy, and William Julius William, author of The Truly Disadvantaged, to further explore the race and class divide in America. To register for this event, please click here.
The legacy of American racism is dominating the headlines again. One of the arguments used against the removal or relocation of Confederate symbols is that “it is simply part of our history”. This is not the case. The results of the enslavement, disenfranchisement […]
View Original: The century gap: Low economic mobility for black men, 150 years after the Civil War
After all, President Obama called economic inequality “the defining challenge of our time. Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling something for more than you paid for it. There are several different forms of economic inequality, including income, pay and wealth inequality. Jan 4, 2018 The “endless inegalitarian spiral” may be coming for us sooner than we think. It affects and is affected by many other forms of inequality, such as inequalities of wealth, Dec 15, 2017 The lopsided fortunes of America’s richest […]
View Original: Economic inequality
In the article, the case of the Guptas is the only example of inequality that is allegedly immoral. rules, and 5. Many people in the United States seem to believe that our high and rising level of inequality is objectionable in itself, and it is worth inquiring into why this might be The most plausible explanation for income inequality’s apparent effect on health and social problems is ‘status anxiety’. This year at the World Economic Forum (WEF) inequality topped the bill as the most discussed issue. The Inequality Project is supported by. “Ainda s�o poucos ju�zes para muitos processos”, […]
View Original: Is Inequality a Person Problem
About US is a new initiative by The Washington Post to cover issues of identity in the U.S. Sign up for the newsletter .
Last semester, a student of mine named Fernando came to speak with me after the last meeting of my class on Latino identity. He thanked me for getting him to think about not only his roots but his connections with other Latinos, and our contributions to history and culture. He was an engineering student of Colombian ancestry and he’d done a presentation about a 1992 song by Mexican alternative rock group Café Tacuba called “Trópico […]
View Original: A new report says Hispanic identity is fading. Is that really good for America?
Results from these papers are also mixed. Sunday hands me her smartphone and invites me to listen to a recording of her work, which is much better than I expected — though I am not sure what . ‘Predistribution’ is a new word for an old idea – that inequality and poverty should. (Note: see the New Yorker’s helpful infographic about wealth inequality and New York’s subway lines. It’s much more complicated than that. But we believe that the time has come for a new approach. Segregation and the wealth gap According to the Lewis Mumford Center at the […]
View Original: A new study says much of the rise in inequality is an illusion
Sociologists and economists are probably psyched that the work they’ve been doing on inequality and social mobility for decades has finally gotten attention from the average American. But one downside of having your message saturate the media is that people might start to take your findings for granted, which can obscure something that’s true of any data-based endeavor: Researchers are always learning new things, always trying to better map the extent of a phenomenon.
In this spirit, a Pew report out today tells us things about American social mobility that are new—and at the same time all too familiar. Scads […]
View Original: America Is Even Less Socially Mobile Than Most Economists Thought
The first wave of runners make their way across the Verrazano-Narrows Bridge during the start of the New York City Marathon. The first wave of runners make their way across the Verrazano-Narrows Bridge during the start of the New York City Marathon. Reuters//Lucas Jackson New research from the Equality of Opportunity Project looks at how life expectancy can vary depending on income and location in the United States.
The paper suggests that low-income Americans live longest in big, dense cities, like New York; Santa Barbara, California; and Miami, Florida. High-income Americans live longest in Salt Lake City, Utah […]
View Original: Your life expectancy can vary depending on where you live — here are the US cities where residents live the longest
Introduction: Growing Inequality
The recent oxford committee for famine (OXFAM) report stated that 82% of the global wealth earned in 2017 went to 1% of the population while the bottom half of humanity had no increase in their income. Intriguingly, forty two (42) individuals own as much wealth as 3.7 billion people.
Therefore, the richest 1% is richer than the whole rest of humanity. The present scenario rewards wealth ahead of hard work, thus making it more of a “billionaire bonanza”. Nigeria: A Lot More of The Same Back home in Nigeria the report stated that the richest man earns […]
View Original: DAVOS: The Growing Dearth of Social Economic Mobility
January 23, 2018, CityLab
While the US has long had a high level of economic inequality, in theory this was balanced in part by the notion that, as President Clinton once put it , “If you work hard and play by the rules, you’ll be rewarded with a good life for yourself and a better chance for your children.” There is at least a grain of truth in Clinton’s nostrum. After World War II, living standards did rise— median wages, adjusted for inflation, went up 95 percent in the quarter century after 1947 . Since the 1970s, however, wages, […]
View Original: Report Identifies Steps to Build Pathways Out of Poverty—But Are They Enough?