The more income and wealth concentrate at our global economic summit, the greater the strain on our increasingly fragile biosphere. Environmentalists the world over, analysts and activists alike, get that connection. Now our societies must. Or suffer the consequences.
Everybody knows that the United States has become much more unequal since 1980. Can we expect the nation to get still more unequal? Unfortunately, yes. With top 1 percent incomes growing faster than the incomes of everyone else, increasing inequality will be inevitable.
A new G.I. bill that included one year of civic learning and civic participation would provide students from disadvantaged backgrounds with an affordable college education — and give them the civic skills needed to have a meaningful voice in the democratic process.
Teenagers are learning lessons — about inequality — on America’s high school gridirons. When are their elders going to catch on?
It has long been fashionable to assert that education is the answer to our growing inequality problem. But even if increasing educational attainment reduced inequality of opportunity, this does not imply a direct acceleration of the rate of average income growth of the bottom 99 percent.
The ‘average’ U.S. family is doing just fine, suggests the Federal Reserve’s latest triennial portrait of household income and wealth, the Survey of Consumer Finances. But typical Americans, the report also makes clear, are struggling something awful. Could both be true?
An obscure provision in the Affordable Care Act, a new report details, raises taxes on firms that overpay their top execs. The only problem: The provision so far only applies to corporations in one industry.
The just-released Institute for Policy Studies 2014 Executive Pay Reform Scorecard – part of the latest edition of the IPS annual Executive Excess report – evaluates an extensive list of creative and practical proposals for reining in excessive executive compensation.
America’s top central bankers didn’t make much time for inequality at their annual hobnob in Wyoming’s Jackson Hole last week. Over in Germany, at another confab, the world’s Nobel laureates in economics did. But few Americans seemed to notice. We explore one possible reason why.
The foreclosure epidemic illustrates a problem far larger and more pervasive than current banking practices: America’s growing power imbalance. In our deeply unbalanced economic world, we need to rethink policies that operate to penalize the powerless and reward the predatory.