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How Wall Street Occupies America: Rising Debt and Runaway Inequality

Les Leopold | Posted 01.14.2015 | Business
Les Leopold

Between the New Deal and the 1970s, Wall Street was tightly controlled. Taxes on the wealthy were high, worker wages were rising, and debt levels on consumers, companies and government were low. After finance wriggled free from these regulations private and public debt exploded, wages stalled, taxes on the rich fell and inequality soared.

Idea for Tackling Inequality #27,653: Stop Subsidizing It

Dean Baker | Posted 01.12.2015 | Business
Dean Baker

Most of the discussion assumes that inequality is something that happened. By contrast, the more obvious story is that inequality is something that was done; it was the result of policies that had the effect of redistributing income upward.

Social Justice Quiz 2015: Inequality

Bill Quigley | Posted 01.12.2015 | Politics
Bill Quigley

In 1990, 20 percent of all children in the US lived in poverty. What percent of the children in the US live in poverty today?

Dems Maneuver to Curb CEO Pay Loophole

Sarah Anderson | Posted 01.07.2015 | Politics
Sarah Anderson

Right out of the blocks, House Democrats are pushing a tax reform in the 114th Congress that tackles the extreme gaps between CEO and worker pay. Their maneuver could raise awareness of a CEO pay loophole so outrageous it will be hard for Republicans to defend indefinitely.

Why Pay Secrecy Needs to End

Ed Lawler | Posted 01.06.2015 | Business
Ed Lawler

Instead of spending more time and money on keeping pay information secret, how about administering pay correctly so that there is nothing that needs to be kept secret?

The Eight Ugly Scars of Runaway Inequality

Les Leopold | Posted 01.05.2015 | Politics
Les Leopold

America is the richest country in all of history. We have the largest economy and the largest number of millionaires and billionaires. At the same time, however, we lead the developed world in economic inequality.

Zach Carter

Senate Dems Tell SEC To Implement CEO Pay Rule

HuffingtonPost.com | Zach Carter | Posted 12.17.2014 | Politics

WASHINGTON -- Fifteen Senate Democrats including Elizabeth Warren (D-Mass.) called Tuesday for the Securities and Exchange Commission to implement a r...

Are We the World's Most Anti-Worker Nation?

Les Leopold | Posted 12.15.2014 | Business
Les Leopold

Not only do we rank 26th in median wealth, we also are the most anti-employee country in the developed world. Actually, the two go together because rising inequality results from our pro-Wall Street and anti-worker policies.

The Driving Force Behind Runaway Inequality

Les Leopold | Posted 12.01.2014 | Business
Les Leopold

Runaway inequality is destroying the American Dream. Is it too late to save it? That depends on what is really driving inequality. In the 1960s the gap between CEOs and the average worker was 20 to 1. By 2012 it was 354 to 1. What happened?

7 Big U.S. Corporations Paid More To Their CEOs Than To The IRS

Reuters | Kevin Drawbaugh | Posted 11.18.2014 | Business

WASHINGTON, Nov 18 (Reuters) - Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in...

We Are the Most Unequal Society in the Developed World... And We Don't Know It

Les Leopold | Posted 01.17.2015 | Politics
Les Leopold

In 1965, for every dollar earned by the average worker, CEOs earned 20 dollars. By 2012, that gap mushroomed to 354 to one. But, when asked in the survey, Americans grossly underestimated this gap.

When a Tie is Not Just a Tie

Robin Hardman | Posted 01.11.2015 | Business
Robin Hardman

The era of casual dress crept up on us slowly, but now every organization this side of Wall Street seems to have taken up the khaki banner. (And even Wall Street is apparently not immune to the trend.)

As Bad As You Think It Is, It's Worse: Wage Theft Comes to America

Les Leopold | Posted 01.10.2015 | Business
Les Leopold

In Denmark fast food workers make $20 an hour plus benefits, and the corporations who employ them are still profitable. Why there and not here? The answer is simple and painful -- wage theft.

Kim Bhasin

Why Your Boss Is Afraid To Give You A Raise, According To One CEO

HuffingtonPost.com | Kim Bhasin | Posted 11.04.2014 | Business

Kip Tindell, CEO of The Container Store, pays his salespeople an average of $50,000 a year -- more than double the retail industry average of less tha...

Occupation: Girl Boss

ZOOM interiors | Posted 12.30.2014 | Women
ZOOM interiors

Take that desk of yours and decorate the sh*t out of it until it magically transforms into that corner office. To create the ultimate workspace, start by making it homey and personal with a jolt of energy. Think ambient lighting, warm pops of color and personal touches like artwork.

How Rich Are the 400 Richest Americans and How Do They Use Their Money?

Lawrence Wittner | Posted 12.27.2014 | Money
Lawrence Wittner

Not surprisingly, economic inequality is growing in the United States. From 1978 to 2013, CEO compensation, inflation-adjusted, grew by 937 percent, while the typical worker's compensation over that same period grew by only 10 percent.

Wells Fargo Employee Calls Out CEO's Pay, Requests Company-Wide Raise In Brave Email

The Huffington Post | Kevin Short | Posted 10.09.2014 | Business

When most employees want a raise, they schedule a meeting with their supervisor or reach out to human resources. A Wells Fargo employee took a mark...

If the Three Stooges Worked at Olive Garden

Sarah Anderson | Posted 12.08.2014 | Business
Sarah Anderson

As the country's largest full-service restaurant corporation, Darden plays a major role in setting national industry standards. And now, in the midst of a bitter shareholder fight, it has a decision to make. Will it tighten the vice on workers or will it change course and follow a high road approach to prosperity?

The Pay Gap Is Much Wider Than Most Americans Think: Study

The Huffington Post | Sam Levine | Posted 09.29.2014 | Politics

Democrats hoping to use income inequality to drive voters to the polls in November face a critical problem: Americans may not know just how well-off t...

CEOs Get Paid Too Much, According To Pretty Much Everyone In The World

Gretchen Gavett | Posted 11.24.2014 | Business
Gretchen Gavett

It turns out that most people, regardless of nationality or set of beliefs, share similar sentiments about how much CEOs should be paid -- and, for the most part, these estimates are markedly lower than the amounts company leaders actually earn.

Want to Save the Planet? Flood Wall Street

Richard (RJ) Eskow | Posted 11.18.2014 | Politics
Richard (RJ) Eskow

Wall Street is the epicenter of our environmental crisis. To ignore that fact is to risk dooming our other climate efforts to failure, or to use them merely as palliatives for troubled consciences. There's no other way to say this: Capitalism, as practiced on Wall Street today, is an existential threat to humanity.

Inversions Are Revealing the Ugly Face of Shareholder Value

Ralph Gomory | Posted 11.09.2014 | Business
Ralph Gomory

Seeing what our companies are willing to do to escape paying income tax, people are beginning to wonder about how American our American companies are.

Ex-Kroger CEO Admits He Was Paid A 'Ludicrous' Amount

The Huffington Post | Kevin Short | Posted 08.26.2014 | Business

CEO pay has skyrocketed over the last few decades, and corporate leaders are usually tight-lipped on the subject. But we were offered a rare moment...

Mediocrity: The New Normal

Mandy Jackson-Beverly | Posted 10.15.2014 | Fifty
Mandy Jackson-Beverly

There's a new disease spreading through the collective, and it makes me very sad. It doesn't cause lumps or fevers, but make no mistake -- it is frighteningly contagious. It's called mediocrity.

Gentlemen, Welcome To The Work-Life Balance Convo

Karin Agness | Posted 10.14.2014 | Parents
Karin Agness

Too often, these discussions are one-sided. Maybe women are more comfortable talking about such personal challenges, but it seems that many of these conversations leave out that men face challenges in this regard as well.