Inequality

Chicago teachers themselves will say it: nobody wanted to go on strike.  But today, after ten months of fruitless efforts to negotiate a fair contract, the city’s classrooms are empty and educators are walking picket lines for the first time in 25 years.  At first glance, the strike...
09/10/2012
Blog
Given stagnating wages and frustratingly high unemployment, it's unsurprising that popular opinion has turned against the rich.  Inequality is not merely a material issue. It permeates our society in myriad, unpleasant ways. A new Pew Survey takes the temperature of the Americans on the rich...
08/28/2012
Blog
Economic inequality is a famously complex phenomenon, but some parts of this trend are quite simple: Like how today's rich are benefiting from a rare confluence of record high compensation and record low taxes. The most striking example can be found on Wall Street, where hedge fund managers have...
08/20/2012
Blog
A Georgetown Public Policy Institute report shows the degree to which the Great Recession has exacerbated the education gap. Not only did workers without a college degree lose “nearly four out of five jobs during the recession,” but the least-educated workers, those without high school degrees,...
08/16/2012
Blog
A new policy blueprint by Jacob Hacker and Nate Loewentheil, released yesterday by the Economic Policy Institute, is full of interesting ideas and insights. The paper, Prosperity Economics: Building an Economy for All, offers the kind of big picture vision that we policy wonks often forget to...
08/02/2012
Blog
Equality is a funny thing in America. For the most part, Americans don't fret that much about economic inequality and yet are said to believe deeply in civic equality -- the idea that everyone should have an equal say in our democracy and be treated the same under the law, no matter how high or...
08/01/2012
Blog
If the Great Depression went down in history as the great equalizer (by razing the incomes of the wealthy), the Great Recession may be known for having the opposite effect. According to a new report issued by the Congressional Research Service, the share of wealth owned by the richest 1 percent of...
07/20/2012
Blog
America used to be a nation that made things. Walmart – the nation’s largest employer and one of our most profitable corporations – played a key role in why we no longer do. Of course, this isn’t the official message Walmart wants to promote as it breaks out the confetti to...
07/03/2012
Blog
The recent Fed report on household wealth contains yet more evidence of how distorted and unequal the U.S. economy has become. The big headline around the study, which comes out every three years, has been that the household wealth of Americans dropped by 40 percent between 2007 and 2010, and is...
06/13/2012
Blog
Google "was Occupy Wall Street successful" and you get millions of results. The answer depends on metrics. Was the goal of #Occupy to spur a discussion about income inequity -- no small thing -- or shine a light on perfidy of the banks? Both were undeniable outgrowths of the movement. What didn't...
05/18/2012
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