Dedicated to the notion that our world would be considerably more caring, prosperous, and democratic if we narrowed the vast gap that divides our wealthy from everyone else.
The ‘average’ U.S. family is doing just fine, suggests the Federal Reserve’s latest triennial portrait of household wealth. But typical Americans are struggling something awful. Could both be true?
Wealth’s current tilt to the top sometimes seems almost eternal. But can our economy ‘self-correct’? A provocative new paper out of the developed world’s official research agency contemplates our tomorrow.
To really take on grandiosity and greed, a new report from a prestigious CEO pay watchdog suggests, we may need to shove onto the global political stage the notion of a maximum wage.
The CEOs of America’s 20 largest restaurant chains must be providing diners some mighty fine service. Their ‘performance’ is costing Uncle Sam nearly a quarter-billion dollars a year.
Pundits and political scientists are always searching for that simple theory that’ll explain just what makes our politics tick. Where should they be looking? How about in the eyes of a billionaire at tax time?
America’s top central bankers didn’t make time for inequality at their annual hobnob last week. Over in Germany, the world’s Nobel Prize winners in economics did. But few Americans noticed.
A century ago, just like today, the rich dominated American economic and political life. But by the mid 20th century a mass middle class had shrunk this rich down to democratic size. How did that ever happen?
This American Library Association “outstanding title” of the year explores the price we pay for massive inequality. Now available for reading online.
By every measure that matters, relatively equal nations outperform nations where income and wealth concentrate at the top. This powerful new book explores these contrasts — and explains them.
“Overall, the higher the level of income inequality in a county, the higher the reported rate of maltreatment of children tends to be. That is true no matter what the average family income happens to be.”
John Eckenrode, The link between child abuse and income inequality, Scholar’s Strategy Network, September 20, 2014
The Walt Disney company, notes analyst Eleanor Bloxham in Fortune, could have paid all its employees $10,400 more each last year and still booked profits of over $4 billion. Disney CEO Robert Iger took home $34.3 million in 2013.
Harvard does Wall Street . . . Rhode Island does Wall Street . . . The ultra rich do London and New York.
Top media outlets and business researchers annually release compensation surveys that detail executive pay levels over the preceding year. These surveys seldom sample the same corporations — or measure pay the exact same way — and, consequently, almost always generate somewhat different results. We sum up the latest top national and regional survey results here.