Economic Inequality

The ethics of reducing inequality

Around the world, the effects of alarmingly high economic inequality are spilling over into politics and society. Economic insecurity is a driving force behind violent conflicts in the Middle East and the rise of fascist elements in some European countries, not least Hungary and Poland. Even in older democracies such as the United States, economic

‘Wealth Gap’ Poses Significant Threat To Women’s Retirement Security

Women today are fighting to remedy inequality in several areas, and have made great strides as a result of their efforts. But financial security is (still) an issue. A recent study, Women and Financial Wellness: Beyond the Bottom Line, outlines significant disparities between men and women that go far beyond the “pay gap.” “Women experience a gender wealth

How government policies in India and China are widening income inequality

Wealth inequality continues to grow, according to the 2018 edition of the World Inequality Report. In the past three decades, 28% of the aggregate increase in real incomes in North America and western Europe was captured by the top 1% of earners. The bottom half saw less than 10% of this increase. Inequality has also settled

Is Housing Inequality the Main Driver of Economic Inequality?

Economic inequality is one of the most significant issues facing cities and entire nations today. But a mounting body of research suggests that housing inequality may well be the biggest contributor to our economic divides.Thomas Piketty’s influential book, Capital in the Twenty-First Century, put economic inequality—and specifically, wealth inequality—front and center in the global conversation. But research by

High GPA could work against young women job hunters

COLUMBUS, Ohio – Stellar grades in college could hurt – rather than help – women new to the job market, according to a new study that suggests employers place more value on the perceived “likability” of female applicants than on their academic success. Male applicants with high grade point averages were twice as likely to

2018-04-09T07:58:59+00:00 Tags: |

Richest 1% on target to own two-thirds of all wealth by 2030

The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action. World leaders are being warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the

Investing in public education earns high marks for greater upward mobility

Investing in education may help boost economic opportunities for the next generation, according to a team of economists. In a study, researchers suggest that investing in public education can lead to more upward economic mobility and lower teen pregnancy rates, as well as provide a way to ease income inequality. "It's something we've long suspected,

2018-04-06T04:00:47+00:00 Tags: |

The Trend Toward Inequality Has Slowed, But So Has Income Growth

Every couple of years the Congressional Budget Office publishes estimates of the trend in federal tax burdens and the distribution of U.S. incomes. CBO’s newest estimates, published last week, show that income inequality continues to rise, but at a sharply slower pace compared with the three decades ending in 2007. Unfortunately, the upward trend in real income

The messy truth about income inequality

We need to think differently about income inequality. You know the conventional wisdom. Except for the top 1 percent and the upper middle class, most Americans are treading water. Their incomes have stagnated for decades. Worse — and despite contrary pledges from President Trump — this will persist, because the rich are grabbing more income

A huge new Stanford and Harvard study proves that US inequality isn’t just about class

For decades, an increasingly loud chorus has claimed that economic inequality is primarily driven by class, with other possible reasons for disparities, such as race, playing a lesser role. They say that it is counterproductive to focus on inequality between races—instead, it is better to consider the inequality between all of America’s poor and its

Watch: Bernie Sanders hosts a town hall on inequality

Sen. Bernie Sanders’ televised town hall on economic inequality drew about 1.7 million live viewers during an online broadcast Monday night. The panel-discussion-style event, called “Inequality in America: The Rise of Oligarchy and Collapse of the Middle Class,” exceeded the viewership of Sanders’ first live town hall on single-payer health care in January.  The broadcast provided the Vermont independent with

Extreme inequality in the US is making a major economic problem even worse

US inequality has become so extreme that hyperbolic headlines about how much wealth is in the hands of a few families in this country have ceased to shock. But economists are increasingly worried that inequality is not just hurting the poor but also dampening the overall economy's growth potential. Three researchers at the Federal Reserve Bank of

“Separate and unequal:” 50 years later, a landmark report on US racial inequality still resonates

Our nation is moving toward two societies, one black, one white—separate and unequal.” This was the main conclusion of the US National Advisory Commission on Civil Disorders in a scathing 1968 report (pdf). In the summer of 1967, president Lyndon Johnson convened an 11-member committee to investigate the race riots and disorder that broke out in Detroit, Newark,

Salesforce added a new section to its annual report highlighting its social activism

Salesforce has a new section in its annual report that's entirely dedicated to one of CEO Marc Benioff's biggest passions: social activism. In its filing disclosed on Friday, Salesforce added a new section titled "Environmental, Social and Governance" that highlights the company's efforts in those areas. "We believe the business of business is improving the

2018-03-10T09:39:46+00:00 Tags: |

Women, Prosperity, and Social Change in India

Women first, prosperity for all. This was the theme of the 10th Global Entrepreneurship Summit, hosted late last year in Hyderabad. It was also an unofficial theme for the year itself. Around the world, we witnessed demands by women to address persistent gender inequalities as a prerequisite to social and economic progress. In 2018, one

2018-03-06T13:27:47+00:00 Tags: |

40 Years of Data Suggests 3 Myths About Globalization

Three beliefs about globalization have propagated since the early 1980s. First, that globalization leads to a reduction in global inequality. Second, that high income growth among the richest will lift the incomes of the poorest. Third, that there is no alternative to rising inequality without turning our backs on trade and technology. The recently released  World

U.S. Income Inequality Hits a Disturbing New Threshold

U.S. wage growth remains slow and uneven, with African-Americans and women still at a clear disadvantage while the wealthiest are accumulating more money than ever, a new analysis of census data shows. Median real wages grew only 0.2 percent over the past year, according to a report released Thursday by the Economic Policy Institute, a progressive

50 Years After a Landmark Report on Race, Inequality Remains Entrenched

Barriers to equality are posing threats to democracy in the U.S. as the country remains segregated along racial lines and child poverty worsens, says a study examining the nation 50 years after the release of the landmark 1968 Kerner Report. The new report released Tuesday blames U.S. policymakers and elected officials, saying they’re not doing

Women, wages and housework: How closing the gender pay gap splits chores more evenly

Eliminating the gender gap in wages would lead to married women doing much less housework. That is one of the findings of research by Alexandros Theloudis in his Working Paper "Wages and Family Time Allocation" His study finds that as the gender gap has narrowed, it has increased the probability that married women work in

2018-03-01T18:22:02+00:00 Tags: |