This veteran analyst will be cheering if President Obama uses the State of the Union address to urge a higher minimum wage. But unless he also tackles the concentration of America’s wealth, she notes, our extreme inequality will remain with us.
Creating a more equal distribution of the economic pie, before taxes and safety net transfers, has become an economic necessity increasingly acknowledged even in the most unexpected of quarters.
A survey of recent research.
Even the high and mighty assembling this week at the Davos Swiss resort recognize, now, that grotesque inequality represents the greatest threat to world peace. Their answer: Party on!
We’ve come to measure individuals’ success by their wealth. We do the same with governments, measuring success without taking into account wealth distribution. Shifting this perspective will be the hardest thing we’ve ever had to do as a species.
The bottom half of the world’s population now owns the same as the richest 85 people in the world. Read that again, this top global aid agency urges, please.
A powerful — and moving — insider look at wealth addiction on Wall Street.
A demolition of the latest high-profile case for ignoring inequality.
Trade agreements that promote the relocation of U.S. corporations’ factories to nations like China have played a central role in the decline in U.S. worker incomes.
Figures for 2010, the just-released first annual Stanford Center on Poverty and Inequality report notes, show that wealth inequality is running higher than any level recorded in our recent past.