Incomes Flat in Recovery, but Not for the 1%
By ANNIE LOWREY 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 [...]
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 [...]
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 [...]
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  indicate that income inequality has grown significantly since the early 1970s,
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 [...]
—By Kevin Drum
|| 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 [...]
By Chad Stone, Hannah Shaw, Danilo 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 [...]
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 [...]
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 [...]
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 [...]