Tag Archives: income inequality

Income Inequality Is Hurting The Economy, 3 Dozen Economists Say

By Christopher S. Rugaber The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last week by The Associated … Continue reading

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We Are This Close to Losing Our Democracy to the Mercenary Class

By Bill Moyers I met Supreme Court Justice William Brennan in 1987 when I was creating a series for public television called In Search of the Constitution, celebrating the bicentennial of our founding document. By then, he had served on … Continue reading

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Jobs That Pay Less Than $15 An Hour Are Replacing Higher Wage Work

By Bryce Covert A growing share of the country’s jobs pay less than $15 an hour, replacing higher wage jobs, according to a new report from the Alliance for a Just Society. The number of jobs in occupations that pay … Continue reading

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The True Cost of a Higher Minimum Wage

By Zachary Karabell In his speech at the Center for American Progress this week, President Obama devoted considerable time to an issue suddenly much in discussion: the minimum wage. This is not a new debate. In fact, it neatly echoes … Continue reading

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The Awful Service Jobs Replacing Skilled Labor

By David Atkins We already knew it anecdotally, of course, but a new MIT studyadds further weight to the notion that outsourcing and mechanization are turning previously well-paying skilled jobs into low-paying service jobs: The widening chasm in the U.S. … Continue reading

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These Bank Employees Get Paid So Little That They Require Public Assistance

By Alan Pyke “Bank teller” may sound like a profession that would allow a person to pay all her bills and live a decently middle-class life, but that’s not the case. Three in ten bank tellers rely upon some type … Continue reading

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20 Things the Poor Do Everyday That the Rich Never Have to Worry About

By Benjamin Irwin Financial advisor and evangelical Christian Dave Ramsey probably wasn’t expecting this much pushback when he shared a piece contrasting the habits of the rich with those of the poor. In her response on CNN, Rachel Held Evans … Continue reading

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Report: Half of U.S. Families Live on the Edge of ‘Economic Chaos’

By Imara Jones Half of all families in the United States are poor, near poor or face economic insecurity where “one major setback in income could push them into poverty.” That’s the shocking conclusion of a report released today by … Continue reading

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Noam Chomsky: America hates its poor

By Chris Steele This is an excerpt from the just released second edition of Noam Chomsky’s “Occupy: Class War, Rebellion and Solidarity,” edited by Greg Ruggiero and published by Zuccotti Park Press. An article that recently came out in Rolling … Continue reading

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D.C. Council Unanimously Votes To Give Workers A Raise And Time Off

By Bryce Covert On Tuesday, the Washington, D.C. Council unanimously voted to raise the city’s minimum wage to $11.50 an hour and to expand its current paid sick leave policy to cover tipped workers, who were originally left out. Both … Continue reading

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