Tag Archives: economy

The Myth of Upward Mobility in America 

By Sarah Lazare Soaring inequality in America has been accompanied by a plummet in upward mobility since the early 1980s, with those who earn modest incomes in their first jobs likely to remain trapped in low-wage work for decades, a … Continue reading

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8,000 People Open Accounts At Black-Owned Bank In Atlanta

By Taryn Finley             In the weeks following the deaths of Alton Sterling and Philando Castile, more and more influencers, like Solange and Killer Mike, have started to #BankBlack and have transferred their money into black-owned banks. … Continue reading

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Income Inequality Is At The Highest Level In American History

By Bryce Covert Last year was a good one for everyone’s income. But it was a much better year for the richest of the rich.According to a new analysis by economist Emmanuel Saez, Americans in the bottom 99 percent of … Continue reading

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The Depths Of Poverty In The Deep South

By Scott Rodd Andrew sat a table in a bar with no sign outside drinking a Bud Light tallboy. The windows were boarded up from the outside and the only source of light was a bare light bulb sticking out … Continue reading

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This Restaurant Pays A $15 Hourly Wage With Health Insurance, A Retirement Plan And Paid Leave

By Bryce Covert   Jen Piallat, the owner of Zazie in San Francisco, knows what it’s like to work in the American restaurant industry. “I worked on the restaurant floor for 30 years before I owned my own,” she said. … Continue reading

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List of CEOs and politicians invited to 2015 Bilderberg Conference in Austria

By Oscar Williams-Grut A select group of global elite will gather in Telfs-Buchen, Austria, on Thursday for a super secret annual conference where they can discuss politics, foreign policy, and economics freely. The Bilderberg Conference has been running since 1954 … Continue reading

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Harlem Rents Are 90 Damn Percent Higher Than In 2002

By John Del Signore Median rent costs in Central Harlem increased by a vertiginous 90% between 2002 and 2014, according to a report analyzing newly-released census data. Meanwhile, in Bed-Stuy, the median cost of rent rose 63% over the same time … Continue reading

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Robert Reich – To Save The Economy We Need Free College For All

Senator Bernie Sanders is making waves with a big idea to reinvent education: Making public colleges and universities tuition-free. I couldn’t agree more. Higher education isn’t just a personal investment. It’s a public good that pays off in a more … Continue reading

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Why the Good Jobs Numbers Are Misleading

By Paul Vigna For months now, the data on the U.S. economy has displayed an odd schism. Most of the data has been pointing to a weak economy – except for the jobs numbers, which have consistently pointed toward a … Continue reading

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New York City’s Public-Housing Crisis

By Alana Semuels For a long time, many American cities housed their poorest residents in giant public housing towers that had little going for them except for the fact they were affordable. Crime was rampant and indiscriminate, drugs were everywhere, … Continue reading

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