iOS app Android app

Middle Class

Why the Decrease in Unions and Defined Benefit Retirement Plans Hurts Us All

Don McNay | Posted 08.30.2014 | Business
Don McNay

Is there a correlation between the drop in unions and the drop in defined benefits plans? It certainly seems like it. As defined benefit plans are going away, so is the safety net for older Americans. Most bankruptcy filers are under age 54, but there is a steady rise in bankruptcies of people over age 55.

Labor Day Reality: A Broad Middle Class Requires Strong Unions

Robert L. Borosage | Posted 08.29.2014 | Politics
Robert L. Borosage

Workers are struggling to stay afloat. Incomes haven't gone up in the 21st century. Inequality reaches new extremes. A record portion of our national income goes to corporate profits, while a record low goes into workers' wages. Three-fourths of Americans fear their children will fare less well than they have. This Labor Day, we should do more than celebrate workers -- we should understand how vital empowering workers and reviving worker unions is to rebuilding a broad middle class. The raging debate on inequality and its remedies often omits discussion of unions and workers' power. Our extreme inequality is attributed largely to globalization and technology that have transformed our economy. But this leaves power and politics out of the equation.

FHFA Report a Waste of Taxpayer Time and Money

Garrick T. Davis | Posted 08.27.2014 | HuffPost Home
Garrick T. Davis

Released in July 2014, FHFA Brief 14-02, '"First Time Homebuyer Share and House Price Growth", arrives at a statistically supported conclusion that is at the very least predictable, if not painfully obvious.

Weary U.S. Workers Are Still Experiencing Hard Times

James P. Hoffa | Posted 08.27.2014 | Business
James P. Hoffa

Labor Day is seen as a day of rest for many hardworking Americans. But for a growing set of U.S. workers, there is no break from trying to earn enough to support their families. Despite a dip in unemployment during the past few years, low pay continues to plague many employees while their corporate bosses rake in record profits.

How the United States Can Escape the Inequality Trap

Anthony W. Orlando | Posted 08.22.2014 | Politics
Anthony W. Orlando

As inequality grows, the rich become more powerful than the rest of the population, enabling them to veto any policy that impedes their one-sided enrichment. They also become less empathetic toward the rest of the population, whose lives seem less similar to their own with each passing year.

In Ferguson, the Most Important Color Might Be Green

Mechele Dickerson | Posted 08.21.2014 | Politics
Mechele Dickerson

As is true in Ferguson and other communities in the U.S., a gulf now exists between the rich and the poor, and between blacks and whites. This gulf is making it harder to empathize with people we don't know, and with people who are different from us.

Luck Not Merit: Inequality and Opportunity in America Today

Elizabeth Evans | Posted 08.15.2014 | Education
Elizabeth Evans

Three years ago, we launched New Voice Strategies, a nonprofit designed to close the empathy gap by giving individuals a more direct say in our public institutions.

Globalization Helps the Rich & Asia While Hurting the Middle Class in the West. Here's What Can Be Done About It

Branko Milanovic | Posted 08.14.2014 | World
Branko Milanovic

Globalization has mostly benefited the rich and the rising Asian middle class at the expense of the middle class in the West. The choice would seem either plutocracy and globalization -- or populism and a halt to globalization. Another solution would imply more substantial redistribution policies in the rich world.

Is the End of the Middle Class the Beginning of the Revolution?

Ellen Rohr | Posted 08.05.2014 | Business
Ellen Rohr

Egads. We've learned that it's closer to 40% of the wealth that lies in the hands of the top 1%. This growing disparity between the uber rich and the expanding poor isn't just an inconvenience for those slipping economically backward every month. The end of the middle class may mark the beginning of the revolution.

Protecting Our Climate and the Middle Class

Rep. Chris Van Hollen | Posted 07.30.2014 | Politics
Rep. Chris Van Hollen

By capping carbon emissions, selling permits, and returning the resulting revenue to everyone equally, this "Cap and Dividend" approach achieves the greenhouse gas reductions climate scientists tell us we need to prevent the dangerous consequences of climate change while boosting the purchasing power of American consumers.

Poverty Is Profitable: 1 out of 3 US Consumers in Debt Collection

Peter Van Buren | Posted 07.29.2014 | Politics
Peter Van Buren

A new report by the Urban Institute and Encore Capital Group's Consumer Credit Research Institute shows 77 million Americans -- 35 percent of those with files at a major credit bureau -- have a debt in collection. But as you can expect, there is always someone profiting from poverty.

United Airlines' Outsourcing Jobs to Company That Pays Near-Poverty Wages Is Shameful

Robert Creamer | Posted 07.22.2014 | Politics
Robert Creamer

The "market" may be a fine way to price corn or beans, but by itself it is not an appropriate way to price wages. That's because people are not commodities. Their well-being is the point of the economy. Everyone who works for a living deserves a living wage.

Detroit Water Crisis: The Dangers of Putting Profits Before People

Reverend Charles E. Williams II | Posted 07.17.2014 | Detroit
Reverend Charles E. Williams II

We celebrate this year, 50 years since the signing of a Civil Rights bill that gave Blacks access to public accommodations that were segregated by race. Now, 50 years later we are marching to maintain public services that are human rights, but being segregated by class.

What the World Cup Can Teach Progressives About Corruption

Walden Bello | Posted 07.16.2014 | World
Walden Bello

Apart from passionate support for their national sports teams, hatred of government corruption and "crony capitalism" is one of the few issues that unite all social groups in developing countries.

Zach Carter

Warren's Mortgage Reforms Divide Progressives

HuffingtonPost.com | Zach Carter | Posted 07.14.2014 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) is dividing Wall Street critics in Congress by leading talks regarding a controversial Fannie Mae and Fr...

No Immunity

Jack Schimmelman | Posted 07.07.2014 | Politics
Jack Schimmelman

Whenever I hear an American Jew like myself lament the killings of innocent Israelis, especially in occupied territories, I want to tell them this story. I want to say to Hal and all of my other "cousins," you want to stop the hatred? Well, start with yourself.

Noisy Neighbors

Paul Stoller | Posted 07.02.2014 | Arts
Paul Stoller

The messages that films evoke say a great deal about the current state of our society. In recent years summer films have highlighted fantasy and rive...

Who Do Americans Hate During Economic Downtimes? It's Not Who You Think

Daniel Cubias | Posted 08.26.2014 | Latino Voices
Daniel Cubias

On top of devastating the country, wiping out many people's savings, and increasing the obscene gap between the wealthy and the rest of us, the Great Recession may have had the side effect of increasing racial tension.

Real Business Leaders Want to Save Capitalism

Robert Reich | Posted 08.19.2014 | Business
Robert Reich

A few weeks ago I was visited in my office by the chairman of one of the country's biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Class Warfare: The 2014 Election

Bob Burnett | Posted 08.06.2014 | Politics
Bob Burnett

Rather than focus on jobs, the 1 percent are attempting to turn the 2014 election into a referendum on President Obama.

Alarming Housing Forecast Matters to All of Us

Tino Diaz | Posted 08.03.2014 | Business
Tino Diaz

Lost in the constant and unending stream of national headlines last week was a troubling bit of economic news that could negatively impact each and every one of us.

How to Succeed in Business: the First Steps

Jack Nadel | Posted 07.30.2014 | Small Business
Jack Nadel

I'll begin where the majority of successful entrepreneurs begin--"follow your passion." It may be a shopworn phrase, but this advice is as valid today for how to succeed in business as it was a hundred years ago, and it has certainly proven true for me.

What Made America Famous

Rep. Alan Grayson | Posted 07.17.2014 | Politics
Rep. Alan Grayson

Many Americans believe that the top one percent is responsible for the rising tide of inequality in America, which is swamping and drowning the other 99 percent. Professor Emmanuel Saez of the University of California at Berkeley says that they are wrong.

Report: Biden Dings Clinton At Closed-Door Fundraiser

The Huffington Post | Chris Gentilviso | Posted 05.10.2014 | Politics

Vice President Joe Biden reportedly came out firing against Bill Clinton's presidency in a Friday closed-door fundraiser. CNN reported Saturday tha...

Why Fortgang was Wrong: How Culture, Privilege and Income Intersect

Rahfin Faruk | Posted 07.07.2014 | College
Rahfin Faruk

Tal Fortgang, a first year at Princeton, ignited a firestorm when he said, privilege is not race-based but culture-based.