The 1% experiences income growth while the 99% struggles

Income-articleLarge

Incomes Flat in Recovery, but Not for the 1%

By Published: February 15, 2013

WASHINGTON — Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but not at all for everybody else, according to new data.

The numbers, produced by Emmanuel Saez, an economist at the [...]

Economic inequality will make you a pessimist

Why It Matters Income Inequality

4 Charts that Show How Rising Income Inequality Increases Pessimism

SOURCE: AP/Evan Vucci

Occupy DC protesters watch morning commuters walk through McPherson Square in Washington on Monday, December 5, 2011. The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. This has raised concerns that the nation’s middle class isn’t sharing in economic growth as it has in the past, and [...]

Income Inequality = Less Opportunity

Corak_web_1

5 Charts that Show How Increasing Income Inequality Leads to Less Opportunity

SOURCE: AP/ Marcio Jose Sanchez

If there is high income inequality, children will likely experience low economic mobility and opportunity as adults.

By Nick Bunker | December 5, 2012

High levels of income inequality are associated with low levels of economic mobility, argues University of Ottawa economist Miles Corak in a new report [...]

A Wiki report on Income Inequality in the U.S.

Income inequality in the United States

From Wikipedia, the free encyclopedia

Distribution of income in the United States has been the subject of study by scholars and institutions. Data from a number of sources [1] indicate that income inequality has grown significantly since the early 1970s,

More on Inequality

bread

Economic Inequality Quotes

When you say fiscal responsibility, it seems to me that you really mean rich people keeping their money. —Alice Adams

I will always have enough money to last the rest of my life…as long as I don’t buy anything. —Ed Asner, Postal Press Association Conference, 8/2/03

Every year, the compensation representatives at the various plants were instructed to compute and estimate the Workmen’s Compensation costs [...]

Income Inequality and the Great Crash of 2008

blog_wall_street_fallen_bull

—By 

|| Wed Oct. 3, 2012 9:13 AM PDT ||

I’ve mentioned before my rough-and-ready theory of the 2008 financial crisis:

  • Income inequality goes up.
  • As a result, earnings of the middle class become sluggish….
  • And earnings of the rich skyrocket, a trend reinforced by lower tax rates on both labor and capital income.
  • Rich people eventually run out of sensible things to invest all [...]
  • A Guide to Statistics on Historical Trends in Income Inequality

    incomegains

    By Chad StoneHannah ShawDanilo Trisi and Arloc Sherman ||

    Some very interesting data compiled by the Center on Budget and Policy Priorities….

    The broad facts of income inequality over the past six decades are easily summarized:

    • The years from the end of World War II into the 1970s were ones of substantial economic growth and broadly shared prosperity.
      • Incomes grew rapidly and at roughly [...]

    Data & Statistics on Inequality

    the_abyss_of_inequality_307515

    Thank you to the folks at Inequality.org for providing this great information!

    Inequality data and statistics give us an important insight into the state of our economy and the health of our society.

    In this section, we offer quick takes on economic inequality, as categorized in five key areas: income, wealth, global, health, and racial. In each category, we chart some inequality statistics and discuss the basic [...]

    Elizabeth Warren attacks Romney’s policies for middle class

    Elizabeth Warren, candidate for the U.S. Senate in Massachusetts, addresses the second session of the Democratic National Convention in Charlotte

    September 05, 2012|Samuel P. Jacobs | Reuters

    CHARLOTTE, North Carolina (Reuters) – Locked in one of the costliest and most consequential statewide contests in the country, Elizabeth Warren largely ignored her own campaign Wednesday night to paint President Barack Obama as a populist up against a Republican who has sided with plutocrats.

    A candidate for the U.S. Senate in Massachusetts, Warren was chosen by the Democratic Party to appear on [...]

    Romney and Ryan’s Economic Plan

    blogteaser_gopstomp.jpg_310x220

    How Romney Keeps Lying Through His Big White Teeth By Robert Reich

    Tuesday August 28, 2012

    “We’re not going to let our campaign be dictated by fact-checkers,” says Neil Newhouse, a Romney pollster.

    Presumably the Romney campaign continues its false claims because they’re effective. But this raises a more basic question: How can they remain effective when they’ve been so overwhelmingly discredited by the media?

    The answer is the [...]