Tag Archives: working class

Inequality Crisis: Blacks and Latinos on the Road to Zero Wealth

Home sale. (photo: AP)

Home sale. (photo: AP)
No savings, investments or home equity. This economic dystopia looms for minority families, and so does a choice: Do we want America to be more like Brazil or Canada? hat would U.S. society be like if a majority of families had no wealth – no savings, no home equity, no investments of any kind?

That is exactly where the country is headed if we continue on our current path toward economic dystopia for black and Latino families.
While we celebrate a modest reduction in poverty rates and an encouraging uptick in median income , as disclosed […]

Economic Nationalism : Sometimes the Angry Mob Has a Point


In the National Review, Darren Beattie wrote a strong, concise defense of economic nationalism . Economic nationalism is the loose definition for proposals that direct the federal government to set trade policies that support American industries and America’s industrial base. These days in the public consciousness, it is closely identified with President Donald Trump & Steve Bannon’s populist rhetoric and supporters, as well as the supporters of Bernie Sanders and other progressive Democrats. This is in stark contrast to the status quo, that’s in favor of “free markets”: slashed or eliminated regulations on multinational corporations and international trade.

The whole […]

Time to scrap the cruel injustice that is civil asset forfeiture


Income mobility in the United States has stagnated, a fact that hurts the poor most of all. If President Trump wishes to keep his promises to help low-income Americans escape poverty, he should instruct his administration to jettison, rather than expand, non-criminal asset forfeiture.

Non-criminal asset forfeiture lets government agents seize Americans’ assets (cash, but also cars and even houses) on the mere suspicion that they were involved in a crime. Asset forfeiture is intended to deprive criminals of their ill-gotten gains, but frequently enables police to take the property of Americans who remain innocent in the eyes of the […]

Inequality crisis: Blacks and Latinos on the road to zero wealth

636408365034009201-housing-prices.JPG

No savings, investments or home equity. This economic dystopia looms for minority families, and so does a choice: Do we want America to be more like Brazil or Canada?

What would U.S. society be like if a majority of families had no wealth – no savings, no home equity, no investments of any kind?

That is exactly where the country is headed if we continue on our current path toward economic dystopia for black and Latino families.While we celebrate a modest reduction in poverty rates and an encouraging uptick in median income , as disclosed in this week’s Census report, […]

The subtle ways colleges discriminate against poor students

A few years ago, hundreds of college administrators received a survey in the mail. It was designed to figure out what they believed it takes to succeed in college.

The survey listed 12 skills that colleges generally expect students to develop, but the administrators were asked to pick the five most important.

You can do the same exercise below:What the researchers didn’t tell the administrators is that half of these expectations represented independent norms, and the other half represented interdependent norms.And these administrators had a clear bias. (See how your biases compare by filling out the quiz above.)They had a bias […]

How Civil Asset Forfeiture Reduces Economic Mobility

How Civil Asset Forfeiture Reduces Economic Mobility

Income mobility in the United States has stagnated, a fact that hurts the poor most of all. If President Trump wishes to keep his promises to help low-income Americans escape poverty, he should instruct his administration to jettison, rather than expand, non-criminal asset forfeiture.

Non-criminal asset forfeiture lets government agents seize Americans’ assets (cash, but also cars and even houses) on the mere suspicion that they were involved in a crime. Asset forfeiture is intended to deprive criminals of their ill-gotten gains, but frequently enables police to take the property of Americans who remain innocent in the eyes of the […]

Understand rising inequality


Frederick Solt, Yue Hu, Kevan Hudson, Jungmin Song, and Dong Erico Yu (Iowa): Economic Inequality and Belief in Meritocracy in the United States . Andrew Granato: “$330,000 in financial aid bought me a slot in the American meritocracy . Now I see its flaws” — we’re creating the new American aristocracy. To understand rising inequality, consider the janitors at two top companies, then and now. Mona Chalabi and Amanda Holpuch on what that Google memo didn’t tell you about pay inequality in America. No one measure of inequality tells the whole story: Income, wealth, and consumption should be considered […]

On Labor Day, Stand with Working-Class Families

On Labor Day, Stand with Working-Class Families

By U.S. Representative Ruben Kihuen, Nevada District 4

For those fortunate enough to get the day off, the first Monday in September is an opportunity to come together with family and friends to celebrate the end of summer. For those who work on Labor Day, the day should still serve as a reminder of the headway we have made over the years on workers’ rights — primarily through the efforts of organized labor.On this Labor Day, I encourage you to look to the streets as workers in Las Vegas and across the […]

Racial gap in incomes has solidified, study finds

We approach Labor Day at a fraught moment in the American experiment.

Although the economy has finally made up all the jobs lost from the Great Recession, and those that would have been created had it not happened, few are celebrating. Inequality is worse. Entire vocations and professions have become obsolete. Most wages are rising slowly if at all.

This is especially true of the persistent gap between whites and most minorities, especially blacks. An extensive new study indicates that it has worsened since the turn of the century, cuts across all skill and education levels, and has hardened into severe […]

Well-off “helicopter” parents are super annoying, but they didn’t create economic inequality


A new analysis takes the focus off the top 1 percent and ignores deeper structural problems. It’s fun to pick on the professional class. Obsessed with their credentials and careers, helicopter-parenting their children until they’re admitted into the “best” colleges, professionals make easy targets. Even the professional class likes to eye-roll at its own pretensions.

But does the professional class constitute a distinct economic and political problem?

Richard Reeves, the co-director of the Center on Children and Families at the Brookings Institution, gives a strong affirmative answer in his new book Dream Hoarders . Indeed, he argues professionals are the central […]