Focusing on core competence and outsourcing the rest has made U.S. companies lean, nimble and productive. It has also left lots of people worse off. Great read showing the diderences in opportunity … Continue reading To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now
The political landscape may seem particularly bleak at present. But, if we stand back and look at the bigger picture, the dominance of rightwing populists and neoliberal policies is likely to be … Continue reading The Equality Effect | New Internationalist
This chart captures the rise in inequality better than any other chart that I’ve seen. Income gains used to go to the bottom part of the population but are now only going … Continue reading Our Broken Economy, in One Simple Chart – The New York Times
All economic growth is going to the top 1%. All of it. That’s why the stock market is through the roof yet wages have gone nowhere. Source: You’re not imagining it: … Continue reading You’re not imagining it: the rich really are hoarding economic growth – Vox
Technological change has had more impact on earnings distribution than on demand for workers, study finds The jobs won’t go away, but your earning will continue to go nowhere, fast. Source: Rising … Continue reading Rising Inequality May Be the Real Risk of Automation – Bloomberg
Henry Blodget looks at the lack of income growth for the bottom half of Americans and explains the problems this causes for the economy. That would be ZERO income growth for the … Continue reading There has been no income growth for the bottom half of Americans since 1980
Worry about income inequality and slow growth before you rage against the machines. The whole excuse that machines replacing jobs is why wages have gone nowhere in the past 40 years is … Continue reading The Robot Takeover Is Greatly Exaggerated
Source: Income distributions in Americans’ pastimes [OC] – dataisbeautiful Continue reading Income distributions in Americans’ pastimes
Weak wage growth continues to hurt workers—and poses a threat to Trump’s presidency. The reason why wages have not grown while corporate profits are through the roof is due to the simple … Continue reading The economy keeps improving. Why aren’t wages?
“Household income of high school educated 25-32 year olds 1979 50k 1986 48k 1995 45k 2013 40k (median adjusted household income, 2012 $)” The numbers just keep going in the wrong direction for the majority of the population. Household income of high school educated 25-32 year olds1979 50k1986 48k1995 45k2013 40k(median adjusted … Continue reading Household incomes down over the decades
The bottom 90 percent used to take home a majority of the income gains from a growing economy. Not anymore. Income gains going to top 1% in 1954-7: 5% 1975-9: 25% 2009-12: … Continue reading The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans
Boomers and Gen Xers thought they had it made. But free markets, deregulation and financial errors cost them dearly. One partially correct answer is that your prosperity was … Continue reading How Middle-Class America Got Fleeced – Bloomberg
