At racetracks all across America, lucky bettors every so often rake in small fortunes when the horses they pick to finish one, two, three — a trifecta — just happen to finish in that order. Last spring at the Kentucky Derby, for instance, a $1 trifecta bet returned a tidy little $11,475.30. But America’s awesomely affluent don’t …
U.S. income inequality continued to grow in 2018, according to new Census Bureau figures. That’s a continuation of a decades-long trend—and a problem several of the Democratic presidential candidates have plans to combat. The biggest rises in inequality came in Alabama, Arkansas, California, Kansas, Nebraska, New Hampshire, New Mexico, Texas, and Virginia, making increasing inequality …
The U.S stock market may be at record highs and U.S. unemployment at its lowest level since the Great Recession, but income inequality remains stubbornly high. Contributing to this inequality is the fact that while more Americans are working than at any time since August 2007, more people are working part time, erratic and unpredictable …
More U.S. Workers Have Highly Volatile, Unstable Incomes Read More »
The income gap between the classes is growing at a startling pace in the United States. In 1980, the top 1 percent earned on average 27 times more than workers in the bottom 50 percent. Today, they earn 81 times more. The widening gap is “due to a boom in capital income,” according to research …
Income Inequality Is off the Charts. Can Local Policies Make a Difference? Read More »
In 2011, President Obama, speaking in the wake of Occupy Wall Street, called inequality the “defining issue of our time.” Now Jason Furman, chair of the Council on Economic Advisors, argues that Obama “narrowed the inequality gap” more than any president in 50 years. The nonpartisan Congressional Budget Office echoes the observation that income inequality …
Inequality Is Still the Defining Issue of Our Time Read More »
The evidence has mounted, and is clearly accepted, that extreme income inequality has grown in the United States over the past 40 years—and by extreme income inequality, I mean a huge imbalance in income growth favoring the top 1% of the population. This is extreme because it is large enough and sufficiently imbalanced growth that …
Some of the top experts on income inequality released a study of new, more accurate data this week, revealing that Americans in the top 1 percent have done far better than everyone else for the last half century — and why they’ve gotten so far ahead. At the American Economic Association conference this week, economists …
Thomas Piketty Ran The Numbers On Income Inequality. Here’s What He Found. Read More »
There isn’t just a gender wage gap among the highest-paid employees in the country. Pay for female executives also drops further when companies perform poorly compared to men but rises less during good times. In a new note about their research, Federal Reserve Bank of New York economists Stefania Albanesi, Claudia Olivetti, and Maria Prados find …
Female Executives Aren’t Just Paid Less, They Also Suffer More For Bad Performance Read More »
“The Hunger Games” are real. If you’re familiar with the books and movies, or have at least heard of the “Hunger Games” phenomenon, you’re probably aware that the series tackles some pretty serious issues of poverty and economic inequality that hit way too close to home. If you’re not, here’s some background. “The Hunger Games” …
An interesting look at the unemployment rate. “What is currently a temporary long-term unemployment problem runs the risk of morphing into a permanent and costly increase in the unemployment rate” unless Congress takes action to create jobs. Why the Unemployment Rate Is So High – New York Times Unemployment claims have increased slightly. “The Labor …
Unemployment: Why Won’t Congress Talk About It!? Read More »
Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.
