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Tag: Income


Hillary’s Hardest Choice (and the Democrats’ Dilemma)

What’s the reason for the tempest in the teapot of Hillary and Bill Clinton’s personal finances?

Posted on Jun 30, 2014 READ MORE



A Third Lens: Why Awareness of Class Cultures Can Strengthen Movements for Social Change

Bringing a class analysis to our understanding of privilege can help make sense of a broad range of experiences.

Posted on May 22, 2014 READ MORE



Shutterstock

How to Shrink Inequality

Some inequality of income and wealth is inevitable, if not necessary.

Posted on May 14, 2014 READ MORE



Are Corporations Really Hogging Workers’ Wages?

Some of the most respected economists in the world are telling Americans their employers have been taking an increasing share of their earnings over the past four decades. The truth is a bit more complex.

Posted on Apr 9, 2014 READ MORE



Capital in the 21st Century

In his new book, French economist Thomas Piketty reminds us that within the dynamics of capitalism is a natural and destabilizing tendency toward inequality of income, wealth and opportunity.

Posted on Apr 4, 2014 READ MORE



Obama Urges Congress to Increase the Minimum Wage

Against opposition in the House and Senate, the president on Saturday lent his voice to the cause of increasing the federal minimum wage from $7.25 to $10.10 an hour.

Posted on Mar 8, 2014 READ MORE



What If Your Income Grew as Fast as the Top 1 Percent?

The editors at Mother Jones reveal how much money you would be earning annually today if the super-rich hadn’t rigged the system.

Posted on Mar 3, 2014 READ MORE



AP Images

Elizabeth Warren’s Post Office Banking Plan Gains Public Support

A new poll finds significant backing for expanding the post office’s offerings to include financial transactions, with 44 percent of those surveyed favoring the idea.

Posted on Feb 14, 2014 READ MORE



pixelcatcher (CC BY-NC-SA 2.0)

Elizabeth Warren Wants to Save the Post Office by Having It Replace Payday Lenders

Sen. Elizabeth Warren endorsed a proposal by the United States Postal Service’s inspector general over the weekend that could prevent the poor from having to shell out billions of dollars in fees and maybe even save the post office from sinking.

Posted on Feb 4, 2014 READ MORE


Income Equality

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Posted on Dec 26, 2013 READ MORE


Income Inequality

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Posted on Dec 20, 2013 READ MORE


Pig Heaven

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Posted on Sep 21, 2013 READ MORE


Income Monopoly

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Posted on Sep 20, 2013 READ MORE


Mr. Burns

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Posted on Sep 12, 2013 READ MORE



Risastla (CC-BY-SA)

New Record: Richest Americans Took Half of All Income in 2012

A new study has concluded that the wealthiest 10 percent of Americans have never in the last century taken a larger slice of the income pie.

Posted on Sep 11, 2013 READ MORE



Shutterstock photo of a piggy bank.

All Men Are Created Equal; Not So Much in the USA

I was drawn into my pile of OECD documents and charts by a column last week by Eduardo Porter of The New York Times under the headline: “Inequality in America: The Data Is Sobering.”

Posted on Aug 2, 2013 READ MORE


The Disuniting of America

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 READ MORE



land_camera_land_camera (CC BY-ND 2.0)

Minimum Wage Should Be More Than $20

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 READ MORE


How Economic Inequality Harms Societies

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.”

Posted on Oct 30, 2011 READ MORE



Akibubblet (CC-BY)

Dismal Reports From Two U.S. Inequality Studies

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)

Posted on Oct 29, 2011 READ MORE



Flickr / Mel R

U.S. Income Levels Plunged as Recession Lifted

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)

Posted on Oct 10, 2011 READ MORE



Photo illustration from an image by Colin Grey

Juan Cole on Palestinian Statehood

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 READ MORE


Juan Cole on Palestinian Statehood

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.

Posted on Sep 29, 2011 READ MORE



Flickr / washington_area_spark

Unions and Inequality by the Numbers

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 READ MORE



Flickr / NoHoDamon

Employer-Provided Health Insurance Taking a Bigger Bite

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)

Posted on Jul 17, 2011 READ MORE


window shoppers
flickr/specialkrb

Americans Are Spending Again

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.

Posted on Jan 31, 2011 READ MORE


It’s the Stupidity, Stupid

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.

Posted on Oct 28, 2010 READ MORE


Robert Reineke of Venezuela stands by the Google booth at the Consumer Electronics Show in Las Vegas, Saturday, Jan. 7.
AP / Jae C. Hong

Google’s Net Income Zooms by 32 Percent

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.

Posted on Oct 15, 2010 READ MORE


money
Flickr / yomanimus

U.S. Household Wealth Falls by $1.5 Trillion

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.

Posted on Sep 18, 2010 READ MORE


ENTER_ALT_TEXT
Dave Parker / WikiCommons.

Kindergarten: A Lasting Legacy

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.”

Posted on Jul 29, 2010 READ MORE



Flickr / PetroleumJelliffe

The Rich Get Richer

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.

Posted on Jul 27, 2008 READ MORE



Flickr/ Captian Giona

Italians Outraged, Yet Curious

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.

Posted on May 1, 2008 READ MORE


Ignoring Our Economic Achilles’ Heel

While the president and Congress consider a cure for the Bush economy, they should look to the root of the problem: stagnant incomes.

Posted on Jan 22, 2008 READ MORE


Pennybags
theonion.com

Buffett Questions Tax Gaps

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. 

Posted on Jun 27, 2007 READ MORE


Ellen Goodman: Bob the Un-Builder

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.

Posted on Jan 11, 2007 READ MORE


Frank and O'Reilly

Barney Frank vs. Bill O’Reilly

Watch the talk show host and the legislator duke it out over income redistribution. If only all policy debates could be this entertaining.

Posted on Nov 30, 2006 READ MORE


Study: Money Does Not Buy Much Happiness

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.

  • Posted on Jul 2, 2006 READ MORE


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