Economic Inequality

Is rich people’s excessive income about to strangle the economy?

There is an economic warning sign which has gone off before every recession going back to the 1960s (and only delivered one false positive). It's called a yield curve inversion — and it just happened on Wednesday. Gulp. Now, this doesn't guarantee a recession, of course. Even going back that far, we're only talking about

High levels of income inequality make the public less cooperative

In a new study led by IST Austria, researchers have investigated the effects of income inequality on the public’s willingness to cooperate and show support for public goods and services such as taxes, healthcare, and education. While too much inequality was found to be far from beneficial, the team also determined that complete income equality did not produce

Income Inequality Is The Party Spoiler As Social Security Turns 84

Social Security is celebrating its 84th birthday on August 14. The program has shown its staying power and importance for middle-class economic security over the decades. Its benefits are particularly important for workers, who face economic insecurity during their careers. And the chance of that happening has gone up in the past four decades. At the same

The Double Whammy: Housing and Income Inequality

America today faces a two-headed problem: economic inequality and housing inequality. The former has soared to heights not seen since the Gilded Age. The latter, as home prices spike in coastal superstar cities and lag in much of the country’s middle, has become a main feature of our divided, winner-take-all geography. The two phenomena are

Stanford profs: U.S. income inequality is only getting worse. Now what?

The U.S. economy hit a historic high in 2018, and today unemployment is at its lowest rate in five decades. Yet wage growth for the vast majority of Americans has stalled, and more people are struggling to afford housing, healthcare, education, and other basics. “Times are good if you are college educated and working in

Surprising gender disparity in work-life balance

The concept of work-life balance and its relation to the satisfaction that individuals and groups express regarding the quality of their lives have attracted the attention of policy makers, labor economists, and others. Life satisfaction is central to the general happiness and health of a society or nation. In a new study published in Journal

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Health equity is declining as income inequality grows, JAMA study shows

As income inequality worsens in America, the health of its less-fortunate patients continues to decline, according to a new study conducted by researchers with the Centers for Disease Control and Prevention (CDC). The study, published this month in JAMA Network Open, collected survey data from the CDC from 1993 to 2017, which included 5.5 million Americans

What Does America’s Top 5% Think About Income Inequality?

It has been said that there are three kinds of lies: lies, damned lies, and statistics. Well, there's no lying about the growing income inequality in America. In 1965, America's top 1% controlled about 10% of the nation's after-tax income. That number has now grown to over 15%. The average CEO-to-worker pay ratio has increased

A plan to fix inequality would target CEOs who make 100 times more than their employees

America is riven by enormous income inequality. Should Silicon Valley’s very richest pay to make that better? That’s the question behind an intriguing and politically timely new proposal that San Francisco lawmakers plan to put before voters next spring and that could lead to similar efforts across the country: A second-of-its-kind attempt to tax the companies

Social inequality more impactful on well-being than income inequality

Boston Consulting Group’s Sustainable Economic Development Assessment (SEDA) suggests that the correlation between well-being and social equality is stronger than that between income equality and well-being. Likewise, those individuals in countries with high levels of social equality tend to be happier than those without. SEDA makes an objective measurement of well-being by examining and analyzing

The Exploitation Time Bomb

Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality—posing a threat not only to economic growth, but also to democracy. Since reducing inequality became an official goal of

How U.S. Women’s Soccer Highlights Broader Economic Inequalities

Chants of “equal pay!” rang out across the World Cup stadium after the U.S. Women’s national team (USWNT) clinched their fourth World Cup victory on Sunday. Throughout the tournament, the women of the U.S. national team were dominant - on the pitch and off. Against the backdrop of seemingly endless goals, pay inequality loomed large on the world stage.

Income inequality is neither ubiquitous nor inevitable.

Rising levels of inequality has become a key political issue in recent years; “the defining issue of our time,” as Barack Obama described it back in 2013. It was at the heart of the Occupy movement protests, and has received a huge amount of attention in the media and in policy circles. But much of this

A Deep Data Crunch, a New Atlas of Inequality

Most of us want to live rich, full lives. What do we mean by that? We don’t mean get filthy rich. Yes, most of us do seek economic security, but we don’t wake up every morning scheming to make ourselves a grand private fortune. We endeavor to be rich in a broader sense. We want

Nearly half of global wages received by top 10%, survey finds

Nearly half of all global pay is scooped up by only 10% of workers, according to the International Labour Organization, while the lowest-paid 50% receive only 6.4%. The lowest-paid 20% – about 650 million workers – get less than 1% of total pay, a figure that has barely moved in 13 years, ILO analysis found. It

Skill Development: How CEOs Can Tackle Income Inequality

The rapid growth in income inequality in America over the past decade is alarming. It threatens our economic and social stability. The income disparity between the top rung and the bottom rung is stark and getting worse. The wealth disparity is even more pronounced. The plight of average Americans will erode trust in capitalism unless

10 Inequality Takeaways from the Democratic Debates

The Democratic primary debates have officially begun. And as the candidates shared a stage for the first time, it was clear that serious contenders needed to not only acknowledge our country’s extreme economic inequality but also put forward concrete plans for tackling the problem. How much has the conversation changed since the last presidential election?

The Gap Between Rich And Poor Americans’ Health Is Widening

Income inequality in the U.S. has grown over the past several decades. And as the gap between rich and poor yawns, so does the gap in their health, according to a study published in JAMA Network Open Friday. The study drew from annual health survey data collected by the Centers for Disease Control and Prevention from 1993 to 2017,

Billionaires from George Soros to Abigail Disney are begging to be taxed more

Calls for a wealth tax have high support among Americans — including some ultra-wealthy Americans. In an open letter to 2020 presidential candidates published Monday, a group of ultra-wealthy Americans including George Soros, Abigail Disney and members of the Pritzker and Gund families expressed their support for a moderate wealth tax on the 1%. "America