Poverty and Prosperity

//Poverty and Prosperity

Here’s How Much America’s Rising Income Inequality Is Costing Social Security

Just a few weeks into the 116th Congress, Democrats’ takeover of the House of Representatives has already exposed the huge gulf between what American voters want and what the previous House leadership and the Trump administration have thrust upon them in recent years. Congressional Democrats’ bold agenda—such as higher taxes on the rich, universal health care, and expanding Social Security—has

Income inequality: firms have been reducing profit-sharing with workers

Stagnating real wages and falling labour shares across developed economies have stimulated a renewed interest in the question of how, and to what extent, rents are shared with labour. Nicholas Kaldor’s (1957) long-held stylised fact that the fraction of national income going to labour is fixed has been questioned, for instance, by Karabarbounis and Neiman (2014), who show

CSR initiatives can have an impact on indigenous populations

From corporate to community - Janu Ramchandani of Kinect Energy Group, discusses how CSR initiatives can have a transformative impact on indigenous populations in areas that need help. Did you know around 1.2. billion people – almost the population of India – do not have access to electricity? And 2.8 billion have to rely on

2019-02-07T11:34:13-05:00Tags: |

Justice in America: The Criminalization of Poverty

This 12th episode of Justice in America explores the countless ways the criminal justice system criminalizes poverty—and homelessness in particular. From what is considered criminal behavior to how penalties are decided, The U.S. system system punishes people who are poor or experiencing homelessness in America far more often and more harshly than the wealthy. Justice

Solving poverty using the tools of Silicon Valley

U.S. poverty has been a persistent problem. President Franklin D. Roosevelt, in 1937, suggested that the test of our progress as a country is “not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have little.” President Lyndon B. Johnson declared his war

Why income inequality is bad for the climate

In recent decades, income inequality has increased in almost all OECD countries. The average income of the richest 10% of the population today is about nine times as high as the average income of the poorest 10%. Twenty-five years ago, it was seven times as high. While overall prosperity has increased in recent decades, growth

How the 1% profit off of racial economic inequality

An economy that’s rigged to benefit the richest 1% has left most of America behind. While wages for workers have remained flat for decades, expenses for healthcare, housing, and most basic needs have risen. Alongside record concentrations of income and wealth at the top, America’s racial wealth divide has persisted – or worsened. As people

Poverty data never tells the whole story

As global leaders gather at the World Economic Forum to discuss some of the world’s most pressing issues, including inequality and poverty, many will share data to illustrate a phenomenon. However, countries that focus on creating prosperity and not just merely eradicating poverty react differently to data on poverty. Alleviating poverty is not the same

Can worker participation on corporate boards fight income inequality?

The issue of income inequality is front and center in the American conversation. A recent poll showed 66 percent of Americans agree that money and wealth should be more evenly distributed in the United States. Instead, the rich are getting richer and wealth gap is increasing. As the run-up to the 2020 election begins, there is one

Precision health approach tapped to identify causes of poverty

In the United States, poverty is a persistent problem affecting the health and well-being of about 40 million people. Part of the challenge, as a recent story in Insights by Stanford Business explains, is that poverty isn't a single problem stemming from one cause; instead, a constellation of factors collectively shape poverty. This realization is a relatively new one, and recent

The UK’s poverty rate is around average for the EU

This viral tweet from the Spectator Index (which is in no way linked to the Spectator magazine) ranks the poverty rate of a number of different countries in Europe. But it’s incorrect to suggest that the UK’s poverty rate is higher than other European countries like Spain, Greece, and Italy as the tweet does. That’s

2019-01-10T07:41:30-05:00Tags: |

We’re making real progress against cancer. But you may not know it if you’re poor.

In the past, cancer was seen as a death sentence. These days, it’s increasingly a survivable or chronic disease. But that’s especially true if you’re rich. That’s the takeaway from the latest big reports on cancer deaths in the US and globally. On the one hand, screening to detect the disease early has become more widespread, and better

Eliminate court fines and fees that penalize poverty

Americans owe billions in unpaid court debt.  And while the new year is a chance for optimism and a fresh start, for millions of Americans 2019 will only bring continued despair as they struggle under the monetary weight of the justice system. Over the past eight years, virtually every state has increased the cost of fines and fees within the

Everyone should be outraged by child poverty in Britain and the US

At the end of 2018 millions of children are trapped in poverty in rich nations like Britain and the US. We should call it what it is: a crisis. How can it be that there is no public outcry despite the regular headlines showing just how many children live in families that can barely scrape

Touching lives with sustainable banking

World Bank data indicates that global poverty rate is declining. But in sub-Saharan Africa, the number of those living in extreme poverty keeps rising. The Nigerian Sustainability Business Principles (NSBP), which was established to reverse the trend and bring better life to Africans, has brought stakeholders in the financial sector together to enhance economic growth

2019-01-01T06:57:44-05:00Tags: |

I grew up in poverty.

Despite recent progress, Maine continues to struggle with too many children who are growing up in poverty, unsure where their next meal will come from. But an innovative collaboration between the Maine State Chamber of Commerce, Maine Community Foundation, the Maine Community Action Association and Maine Equal Justice Partners has come together to make a

2018-12-31T06:25:05-05:00Tags: |

Child Poverty rate is an indictment of America

“At the end of the day we are going to be judged on what we have been to the poor, to the hungry, the naked, the homeless.” They, like all suffering humanity, like all ‘Christs in distressing disguises’ deserve love and compassion.” — St. Teresa of Calcutta More than 32.4 million U.S. children live in low-income

City Governments Should Focus On Opportunity, Not Income Inequality

The common belief today is that income inequality has exploded—the rich are getting richer while the incomes of the middle class and poor stagnate. But a new study from the Urban Institute reviews several studies on income inequality and finds that this perception is not accurate. Unfortunately, earlier incomplete studies have influenced several state and local governments,