Income distribution and employment are crucial macroeconomic indicators. Profits are key to distribution. Ther share in the value of output has risen steadily since around 1980. Households near [...]
When 11-year-old Nemiah Martinez of Las Cruces, New Mexico, found out her mom needed money to help her get a kidney and pancreas transplant, she didn’t waste time feeling sorry for herself. She [...]
NEWARK, N.J.—This is the story of Emmanuel Mervilus, who got locked up for a crime he did not commit, whose life was derailed and nearly destroyed by the experience and who will graduate this [...]
Let me be clear: I recognize that everyone in this room is doing extraordinary work, has devoted your lives to this cause, and are making some real difference – but in the main the difference is [...]
A number of the reigning oligarchs—among them Mark Zuckerberg (net worth $64.1 billion), Elon Musk (net worth $20.8 billion), Richard Branson (net worth $5.1 billion) and Stewart Butterfield (net [...]
An estimated 800,000 people descended on Pennsylvania Avenue in Washington, DC for the national March for Our Lives rally on Saturday. The turnout for the DC march, the largest of 800 [...]
The US government has a spending problem. Given the country’s level of wealth, the government spends far too little — at least $1.6 trillion a year too little — on social welfare. This [...]
By Sarah Anderson and Sam Pizzigati, Theguardian.com -
The CEO of Marathon Petroleum, Gary Heminger, took home an astonishing 935 times more pay than his typical employee in 2017. In other words, one of Marathon’s gas station workers would have to [...]
In December 2013, a year into his second term, Barack Obama identified“dangerous and growing inequality and lack of upward mobility” as “the defining challenge of our time.” That observation — [...]
A growing number of corporate leaders say it's time for them to start sharing the wealth. For decades, big business leaders have warned that redistributing wealth is bad for business. Taxing the [...]
All the experts agree—from Thomas Piketty and the other members of the World Inequality Lab team to John C. Weicher of the conservative Hudson Institute—that inequality in the United States, [...]
In our deeply unequal age, we’ve become accustomed to talking about concepts like income and wealth, affluence and poverty. Researchers at the OECD, the developed world’s official economic [...]
In recent days two facts illuminate the strategy of the richest 1 percent of humanity. Towards the end of January the media divulged an Oxfam study, wherein is asserts that of all the wealth [...]
“If poor people knew how rich rich people are, there would be riots in the streets.” Actor and comedian Chris Rock made this astute statement during a 2014 interview with New York magazine, [...]
In December last year, United Nations Special Rapporteur on extreme poverty and human rights, Professor Philip Alston, issued a statement on his 15-day fact-finding mission of some of the U.S.’s [...]
