Little is known about people's thoughts about wages and fairness. In general, people favor some threshold of fairness, but what is this threshold -- and how widely is it shared? Two psychological scientists have recently begun exploring these important questions.
The biggest problem with bringing business values to the work of expanding opportunity for people disadvantaged by birth, geography or both is that no one in the business world has figured out how to value incremental improvements in social welfare in bottom-line calculations.
I was floored by this Saturday's New York Times article, "Seeing a Supersize Yacht as a Job Engine, Not a Self-Indulgence." I was amazed not only by how the subject of the article, Mr. Jones, rationalized his extraordinary consumption habits, but also by the mere fact that the article was published.
Anyone with a non-zero pulse rate should know about the ongoing debate over whether income and wealth inequality has risen in United States and Europe, and the implications if they have.
From voter suppression laws being passed in the light of day in state houses around the country and the political assault on women's reproductive rights to the racial wealth gap, there are disturbing signs that our nation's baby steps towards political, social and economic inclusion could be stalling.
There are many who want the government to play a rule in reducing inequality. That might be a desirable goal. However a higher priority would be to have the government stop playing a role in increasing inequality as it does with its support for the financial industry.
To celebrate the fifth anniversary of the last increase in the federal minimum wage and to call attention to the fact that the federal wage floor has not risen in five years, the U.S. Department of Labor has declared July 24th to be a "Day of Action."
Over the past two months, my team at Significance Labs has investigated how and why first generation community college students in New York City start to run into trouble. We confirmed that there are a plethora of barriers which prevent first generation students from earning a degree.
Prof. Thomas Piketty's book, Capital for the Twenty-First Century, certainly has stirred up plenty of debate and political posturing. It is unfortunate, however, that no one has considered the demographic backdrop behind the economic trends.
The rise of the U.S. was very much tied to innovation and creation. This conservative propensity of arguing for antiquated occupations to save menial jobs instead of embracing the sort of change that made the U.S. the world power it is today is dangerous.
As my partner and I are both attorneys who work on and in support of public education, private school was not an option for us, so we decided to look for homes further out but with highly rated public schools. At the risk of sounding naïve, I was wholly unprepared for the reality that came with prioritizing high-quality public schools in my home search.
There are steps we can take right now to address this growing gap. The first is to raise our minimum wage to a living wage. No one who works full time should have to live in poverty. Increasing the minimum wage to $10.10 would lift millions out of poverty, ease some of the burden on our social safety net, and put more money into our local economy.
Higher education today embodies individualistic, hypercompetitive achievement norms which contribute to inequality in a number of ways. And it has enormous, if often unacknowledged, power shaping career plans of its students and helping to authorize "what counts" in the intellectual life of the nation.
Low income households that are already spending a significant portion of their income on household energy costs shouldn't be saddled with additional financial burdens because of their wealthier neighbors' decision to install rooftop solar systems.
The battle to increase the minimum wage is everywhere, from global fast food worker protests and new local minimum wage laws to executive orders and passionate speeches from President Obama. It's worth considering whether minimum wage policies are sufficient to substantively address rising inequality and the broad decline of the middle class.
The American Dream now costs $130,000 a year. At least that's the figure USA Today came up with. Rethinking my money-based version of the American Dream helped me discover there is more to life than checking boxes.