More on Inequality

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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 [...]

Is High Economic Inequality Ethical?

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It is widely known that the rise of globalization has led to large disparities in the wealth and incomes of the countries and citizens of the world. The trend of rising economic inequality has been caused primarily by these major structural changes in the global economic system, induced by new technologies and innovations. Regardless, the growing gap between the rich and the poor is of dire concern. [...]

The Case For Class Warfare — By Tim Redmond

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By now, just about everyone who cares about the economic wars in America has read theJoseph Stiglitz piece in Vanity Fair. It’s nothing new, really — the same stuff a lot of people have been saying for a long time now. But the fact that it was written by a Nobel Prize winner and that the piece ran in a popular magazine typically dedicated to [...]

Wal-Mart and Wage Trends

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 – By Jeff Brittain

Wal-Mart is the world’s largest retailer, with sales that represent more than 2.6% of the nation’s GDP and almost two million employees. (Greenhouse, 277) The secret to Wal-Mart’s success is it’s low prices. It achieves them through squeezing supply chains, thereby reducing  transaction costs, and by keeping wages low, as payrolls are usually around 70% of a business’s costs. (Reich, 91) Though Wal-Mart [...]

Do You Think the Poor are Lazy?

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Even if you said ‘No,’ the way we talk about wealth assigns moral superiority to the rich. Terms like ‘the wealth gap’ obscure basic truths about inequality, casting it as a natural economic function. Inequality is really a barrier made to keep others out. We can dismantle it, starting with our words.

By Anat Shenker-Osorio

Americans are in deep denial about our wealth inequality. [...]

Cities Shed Middle Class, and Are Richer and Poorer for It

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SOME big American cities are flourishing as at no time in recent memory. Places like New York and San Francisco appear to be richer and more dazzling than ever: crime remains low, new arrivals pour in, neighborhoods have risen from the dead. New York is in the throes of the biggest building boom in 30 years, its population at an all-time high and climbing. Mayor