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By Mahmoud Darwish
$20.44
By Mike Farrell
$11.53
$22
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By Robert Reich — We come together as Americans when confronting common disasters and common threats, such as occurred in Boston on Monday, but we continue to split apart economically.
Posted on Apr 17, 2013
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land_camera_land_camera (CC BY-ND 2.0)
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If the federal minimum wage had kept pace with changes in worker productivity, busboys and baristas would be making at least $21.72 an hour today, according to a study by the Center for Economic and Policy Research.
Posted on Feb 14, 2013
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Richard Wilkinson and partner Kate Pickett ran the data and came to the conclusion that the national income of a country is insignificant to its social well-being when compared with income inequality. Wilkinson says, “If Americans want to live the American dream, they should go to Denmark.”
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Akibubblet (CC-BY)
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The 1 percenters targeted by those leading the Wall Street occupation had a profitable run between 1979 and 2007. Their average after-tax income grew 275 percent in that period, while income for the 60 percent of the population in the middle of the earning scale grew by just under 40 percent. (more)
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Flickr / Mel R
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More interesting, perhaps, than this New York Times article’s proffered data on falling household incomes and the reasons for same is its official timeline for our nation’s most recent recession: “ … From December 2007 to June 2009.” (more)
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Photo illustration from an image by Colin Grey
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This week on Truthdig Radio in association with KPFK: Juan Cole reports from New York on Occupy Wall Street and Palestinians at the U.N. Also: The politics of immigration; women make less than men (still), and a jury convicts the Irvine 11.
Posted on Sep 29, 2011
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This week on Truthdig Radio in association with KPFK: Juan Cole reports from New York on Occupy Wall Street and Palestinians at the U.N. Also: The politics of immigration; women still earn less than men, and a jury convicts the Irvine 11. Pictured above, Nawaf Salam, Lebanon’s ambassador to the U.N.
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Flickr / washington_area_spark
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The precise effects of the broad deunionization of the American workforce since the 1970s are difficult to quantify, but a recent paper from the American Sociological Review has made an effort anyway. The study found that in addition to raising the income of union laborers ... (more)
Posted on Aug 7, 2011
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Flickr / NoHoDamon
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Newly published numbers from the Department of Health and Human Services show that American workers in 2010 paid average premiums of $4,940 for employer-provided health insurance to cover just themselves. (more)
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flickr/specialkrb
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Is it good news that U.S. consumer spending revved up to a three-year high in 2010? It could make for some improvement, especially if employment picks up to bolster Americans’ consumption habits in coming months, according to the BBC.
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By David Sirota — What could cause the intensifying politics of free-market fundamentalism at the very historical moment that proves the failure of such an ideology? Two new academic studies suggest all roads lead to ignorance.
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AP / Jae C. Hong
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It seems Google has weathered the recession quite well, thank you. The search superpower reported a better-than-expected third-quarter increase in net income of 32 percent, signaling growing confidence in the profitability of online and mobile device advertising.
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Flickr / yomanimus
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This just in: U.S. households are getting poorer. As the crisis continues to wreak havoc on our economy, new data from the Federal Reserve tells us that U.S. net household worth has dropped $1.5 trillion in the second quarter of 2010 and is down more than $10 trillion since the recession began.
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Dave Parker / WikiCommons.
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Economists used data on 12,000 Tennesseans to conclude that while test score gains built by successful elementary teachers had faded by high school, more meaningful outcomes (income, college, divorce, savings) seem to show a strong link between quality education as a child and success in the “real world.”
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Flickr / PetroleumJelliffe
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According to the most recent data from the IRS, the wealthiest 1 percent of Americans took home a greater share of the nation’s income in 2006 than in any year of the previous 19. It’s possibly the biggest income disparity Americans have seen since the Great Depression. The average tax rate of the super-rich was at its lowest level in at least 18 years.
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Flickr/ Captian Giona
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Imagine going to the Internet and being able to see how much everyone in the United States, including you, earned and paid in taxes. The outgoing Italian government just made everyone’s private business public. Needless to say, Italians were outraged as they rushed to the Web to see the income of their neighbors and the rich and famous.
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By Marie Cocco — While the president and Congress consider a cure for the Bush economy, they should look to the root of the problem: stagnant incomes.
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theonion.com
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The vast economic rift between the top and bottom tax brackets is a major cause for concern, and it’s not just those at the lower end of the income spectrum who are paying attention.
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By Ellen Goodman — Home Depot CEO Bob Nardelli’s golden parachute doesn’t just speak to the inequality of income in America, appalling as it may be, but raises another issue just as troubling: the inequality of risk.
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Watch the talk show host and the legislator duke it out over income redistribution. If only all policy debates could be this entertaining.
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According to a new study, not only does a higher income not make you much happier, but people with higher incomes tend to be tenser and spend less time on simple leisure activities.
The Washingon Post has more.
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