While economists have suggested that closing the gender wage gap would create a huge economic stimulus across the U.S., a recent report by the Nationa...
While a lack of middle-class income growth can create headwinds for any economy in the short term, the longer-term risks of political instability and civil unrest can become much greater.
Wouldn't it be great if the Congress that exacerbated our current situation were held responsible for their grade school behavior which brought on our current financial situation, paying higher taxes until things right themselves, even if it's after some get voted out of office?
If we want an economy with robust consumer demand, workers need to a bigger slice of the pie. Business leaders once understood that elementary fact.
The rich are more likely to: a) Cut off other drivers. b) Be disinterested in the welfare of others. c) Cheat on a test to get ahead. d) Give m...
If the international community chooses to seize this moment to promote a new distribution of opportunity -- one that empowers people to challenge and overcome injustice -- we can unleash the potential of individuals and society as a whole to live in health, dignity and justice.
People in the middle class must understand that it is no longer the safe haven of inspiration it was for their parents. Particularly, its lower and middle bands do not make enough money to save enough to create financial security.
The New York Times published an op-ed titled "The Rich Get Even Richer." I guess their next scoops will be "Hudson River Full of Water" and "Pope Benedict XVI Is Catholic."
Instead of seeking remedies to this ongoing problem, the putative guardians of our democratic principles, rights and responsibilities -- the United States Supreme Court -- has chosen to vastly exacerbate the situation.
Mr. Dimon, you seem to think it's an attack to ask you to pay more taxes. But shouldn't you be required to pay more into a system that arbitrarily benefitted you more than others? Seems fair to me.
A little encounter opened my complacent and privileged mind to a not so brave new world out there that we have to deal with and try to correct.
WNYC has built an interesting map using data from the Census Bureau to highlight the city's wealthiest and poorest neighborhoods. The data, which ...
The labor force's share of income has plunged to its lowest level since the measure was first recorded. The labor force's share of income -- or th...
Why has income inequality gone up so much and why does it matter? Let's start with facts of the case.
In 1729, Jonathan Swift's idea was simple: the starving Irish should sell their own children to the rich as food. I want to suggest that we put in motion a similar undertaking. The basic idea is that we offer ourselves up as a sacrifice to the bond markets.
Protests are forming all over the country, and the message is clear: it's time for this country to be taken away from the wealthy special interests and given back to the people.
Unbeknownst and unintentionally -- a report from the Congressional Budget Office has done nothing but provide new munitions to the Occupy Wall Street movement.
The rich would love nothing more than for everyone move up an income or wealth level. It is ridiculous to think the the richest 1% want to hold others...
To what degree are we all fellow-citizens in this society, and to what degree are we not? Are we one America or are we two? If we are one America, it is surely time to make the alleviation of poverty our number one priority.
How do we define ourselves as a nation and how do we fix what isn't working in America today? This is what has motivated so many Americans to occupy Wall Street and Main Street from coast to coast.
Maybe Americans are so fed up with growing income inequality because it's so widespread. The cities with the highest levels of income inequality a...
"The Economy Stupid" were the words on the now famous sign in successful presidential candidate Bill Clinton's 1992 war room. Today, that sign should be in the war rooms of all candidates.
Is poverty in America becoming normalized? Have 16.4 million children living in poverty become an accepted part of American life? The answer seems to be yes.
Under all of Occupy Wall Street's signage, there's a fundamental truth we can't afford to ignore: the growing income gap in this country is a big problem for everybody. Yesterday, though, they crossed a line in the sand.
Why did we economists squander the opportunity for a new paradigm of thought? Not because there's so much information on the web. It is, at least in part, because the concentration of wealth and power blocked the new ideas from a fair hearing.
