What makes our growing concentration of wealth in the hands of a few even more disturbing: these few almost all men.
The big-box giant is upending people’s lives by subjecting its workers to unpredictable scheduling.
Economic disparities appear to be reaching extremes that “need to be watched because they’re damaging to growth,” says Beth Ann Bovino, chief U.S. economist at the rating agency Standard & Poor’s.
Equal rights in an economy and a democracy depend in some measure on the distribution of wealth. America’s remains dangerously top-heavy.
The latest fad: super yachts with garages inside for boats to ferry passengers back and forth.
The not-so-obvious reasons Lexus lanes appeal to the plutocratic perspective.
Only four states lack a billionaire to call their own.
The story of a CEO who won the allegiance of both employees and shoppers by delivering the kind of goods — good food, good pay, low prices — that most CEOs feel compelled to subordinate to the gods of shareholder value.
Even more money is going to America’s high-income set relative to the rest of the country, new Commerce Department figures reveal.
If wages reflect merit, why do they seem so arbitrary? Are the richest executives 50 or 100 times better at their jobs than their predecessors in 1980? Are they 20 times more skilled and educated than the people immediately below them, even though they went to the same business schools?
JPMorgan Chase alone has pulled in $184 million helping U.S. firms merge offshore to avoid U.S. taxes. Says JPMorgan CEO Jamie Dimon: “I’m just as patriotic as anyone.” Dimon pocketed $20 million in pay last year.
New studies show that wealth in the United States still remains “more concentrated.”
Good background on last year’s Swiss ballot initiative that banned CEO golden parachutes and signing bonuses.
How the consumption decisions of the rich make life more of a struggle for everyone else.
Tech tycoons are rushing after the mammoth profit to be gained by transforming America’s education system.
Still another study debunks the myth that raising taxes on the rich will trigger an exodus of the wealthy and their tax dollars.
Yes, the gap between the richest and the poorest citizens of planet Earth has declined, as Tyler Cowen trumpets. But let’s hold the celebration. Here’s why.
Four years after a federal law required public companies to disclose the pay gap between their CEOs and other workers, government regulators are still mulling how to put the measure into effect.
The nations of Northern Europe have created economies that distribute wealth far more equitably than the United States.
Price gouging does no harm. No gender wage gap exists. Unions don’t protect anyone. The billionaire Koch brothers are now foisting these claims on America’s high school kids.
The film unites the two greatest issues of our time: global warming and income inequality.
What does it say about our society when one hedge fund manager makes a bigger income than the whole population of Springfield, Ohio or Burbank, California?
A new report from the UK’s independent High Pay Centre details eight policies to tackle excessive executive pay. On the list: a maximum pay ratio between CEOs and workers.
Real wages in India fell 1 percent between 2008 and 2011. Over that same time period, productivity went up 7.6 percent. Average CEO pay in India rose 30 percent in 2010-2011.
The super rich depend on government support and action. One prime example: the basic research that produced the information-technology revolution and the firms it has spawned.
President Obama’s big campaign against the “defining issue of our time” lasted approximately six months. At least inequality was a flavor of the month. The next president may not even offer it on the menu.
A new report from the UK’s New Economics Foundation lists five core steps.
An update on Spain’s vast Mondragon cooperative network — and its many enterprises where CEOs make no more than eight times worker pay.
With Congress sitting on its hands, progress on reining in executive over-compensation is cropping up elsewhere.
A new report from an eminent Australian think tank says political choices have been driving Australia’s growing gaps in income and wealth.
Public interest groups are urging the federal Securities and Exchange Commission to resist corporate pressure and issue the regulations needed to enforce the Dodd-Frank Act’s CEO-worker pay ratio disclosure mandate.
In the current White House retreat from confronting concentrated wealth, “opportunity” has replaced “inequality.”
The ten most expensive zip codes in America have median home values over $2.7 million.
The growing concentration of income and wealth at the top of America has concentrated political power there as well, generating laws and rules that tilt the playing field ever further in the wealthy’s direction.
The steady stockpiling of wealth, income, and power by our richest rates as a disaster for the sustainable development agenda.
How the federal Department of Homeland Security fronted for the top 1 percent.
How can we best confront our “medieval level of wealth disparity”? Political economist Gar Alperovitz explores America’s emerging alternative economy.
Thomas Piketty protégé Gabriel Zucman explains how the world’s wealthiest are evading and avoiding trillions in taxes.
Economic and geographic segregation have immunized those at the top from the problems of those down below. Like the kings of yore, they have come to perceive their privileged positions essentially as a natural right.
A billionaire investor’s message for his fellow “filthy rich, for all of us who live in our gated bubble worlds: Wake up, people. It won’t last.”