Having only a few people with most of the wealth, motivates others. This theory is actually wrong according to research.
Ample research indicates that the growing problem of wealth and income inequality could stunt U.S. economic growth and undermine our democracy while stirring political polarization.
An agreement to address migrant and refugee crises worldwide, which the UN General Assembly adopted in September 2016, has been described by many in the United Nations as nothing short of a miracle.
India recently tried to reduce the use of cash in its economy by eliminating, overnight, two of its most widely used bills in what was called demonetization.
A number of recent articles in the corporate press around the country highlight the ongoing dilemma the capitalist class faces in dealing with the persistent and rising homelessness problem.
As the Senate prepares to modify its version of the health care bill, now is a good time to back up and examine why we as a nation are so divided about providing health care, especially to the poor.
It’s been a busy – and controversial – year for Wonder Woman. In October 2016, the United Nations made a curious appointment: Wonder Woman would be the global organisation’s new Ambassador for Women’s Empowerment
Wonder Woman is an unsettling superhero. More so than her male counterparts, she resists easy classification: she’s neither an alien or a billionaire – nor has she been exposed to some chemical to obtain her powers.
Puerto Ricans are searching for solutions to the island’s worst economic and social crisis in a long time.
This is the real-world economy for a living Earth that we must learn to structure and manage to provide a safe space for humanity.
Inequality in America is on the rise. Income gains since the 1980s have been concentrated at the top.
'Declines in absolute mobility have been a systematic, widespread phenomenon throughout the United States since 1940,' the authors of the new study write.
Inequality is the defining social, political and economic phenomenon of our time. Just 1% of the world’s population now holds over 35% of all private wealth
Persistently high rates of income or wealth inequality are bad for social cohesion, political inclusion and crime. The evidence for this is overwhelming.
Social scientists have long known that the rich are not exactly model citizens.
Tax day is here once more, and tens of millions of Americans will rush to file their income taxes by this year’s deadline of April 18 (rather than April 15 for a variety of reasons).
The American tax system, in which those with the least pay the most.
US President Donald Trump wants to build a wall along the US-Mexican border. Britain wants to retreat into its shell to become an isolated island state.
The wealthy will not be able to build a wall high enough or a silo deep enough. The only solution is to bring your wealth home and invest in community resilience to ensure the survival of all.
“Will I lose my job in the near future?” For most people this is an unpleasant scenario to ponder, and for many it is a real and pressing concern.
In 2014, the Supplemental Nutrition Assistance Program (SNAP), a federal program to address food insecurity in the United States, provided $70 billion in nutrition support to 46.5 million families and children living in 22.7 million American households.
Walls have a strong political connotation in post-war Europe. The most tragically famous was the Berlin wall built in 1961 to prevent citizens of the DDR (otherwise known as East Germany) from seeking refuge in the West.
A survey of about 1,500 extremely disadvantaged families in Boston, Chicago, and San Antonio shows teenagers go without food twice as often as their younger brothers and sisters.
Older Americans with less money and education are much more like to suffer from chronic pain than wealthier adults with more education.
Donald Trump proclaimed during his inaugural address, “When you open your heart to patriotism, there is no room for prejudice.”
In a recent study, American participants placed Muslims and Mexican immigrants significantly closer to the ape-like ancestor than Americans as a whole.
Donald Trump tweeted on Jan. 6 that “any money spent on building the Great Wall (for the sake of speed), will be paid back by Mexico later.”
Access to health insurance can help hold a community together socially, and lack of it can help fray neighborhood cohesion, report researchers.
As Donald J. Trump assumes the presidency and lays out his agenda for our country, he will likely proclaim himself, as he did in the campaign, the voice of "the forgotten Americans."
A new Oxfam Report has a number of startling claims about wealth inequality around the world – the world’s eight richest people control the same wealth as the poorest half of the globe’s population
One of the greatest political challenges in the 21st century is coming up with a welfare system which is both effective and fair.
The racial health gap in the United States is well-documented. The gap starts with the infant mortality rate (11.1 blacks vs. 5.1 whites per 1,000) and extends to almost any health domain.
Young people entering the workforce today are far less likely to earn more than their parents when compared to children born two generations earlier, new research shows.
Since social scientists and economists began measuring poverty, its definition has never strayed far from a discussion of income.
Is it okay to talk to your young children? To read them stories at bedtime, discuss the flowers by the bus stop, be attentive as they describe their day? Let’s try another tack.
New research links income inequality with greater civic engagement among young people—particularly among young people of color and those of lower socioeconomic status.
Teachers communicate with parents based on their racial and immigrant backgrounds—not just their child’s academic performance—research finds.
A common argument for the decline in employment in recent years is that more workers are dropping out of the labor force to live off public benefits, particularly Social Security Disability Insurance (SSDI).
Dear Bob, It’s been 35 years since your death, yet no other singer or songwriter has articulated both the condition of the marginalized and the humanistic potentials of psychic decolonisation more than you.
Donald Trump may have won the American presidency by promoting himself as the candidate for the common people to overthrow the Washington establishment, but this recent populist surge is certainly not the country’s first.
In all parts of the United States, the number of neighborhoods that are home to a mix of black, white, Asian, and Hispanic residents is growing.
If there’s one thing that nearly all economists agree on, it’s that getting rid of trade restrictions is generally good for a country’s economy.
In a recent issue of The Economist, President Barack Obama set out four major economic issues that his successor must tackle
Sophisticated eye-tracking technology shows that preschool teachers “show a tendency to more closely observe black students, and especially boys, when challenging behaviors are expected.”
New research may explain why American children resist their parents’ instructions to share.
Gender bias can influence how supervisors view a manager’s long-term potential, a new study shows.
Over the course of four years, at least 5,000 Wells Fargo employees opened more than a million fake bank and credit card accounts on behalf of unwitting customers.
Police killings of African-Americans on social media have become the visual hallmark of our time. This decade will be recalled through blurry cellphone and dash-cam videos of shootings. But how will it be remembered?
Last week, Congress engaged in a bipartisan barrage of CEO bashing.
Scorpion met Frog on a river bank and asked him for a ride to the other side. “How do I know you won’t sting me?” asked Frog. “Because,” replied Scorpion, “if I do, I will drown.” Satisfied, Frog set out across the water with Scorpion on his back. Halfway across, Scorpion stung Frog. “Why did you do that?” gasped Frog as he started to sink. “Now we’ll both die.” “I can’t help it,” replied Scorpion. “It’s my nature.”
Donald Trump poses as a working-class populist, but about his new economic plan would be a gusher for the wealthy. And almost nothing will trickle down to anyone else.
This week on the presidential campaign trail, Donald Trump took a big step out of traditional Republican territory to propose a federal solution to the high cost of child care. His plan suggests utilizing the tax code to give a break to working parents with young kids.
A dramatic decline in the density of US labor unions since the 1970s has resulted in lower wages for both union and nonunion workers, a new study suggests.
There is growing evidence that inequality is increasing not only in Australia but internationally within the advanced industrial economies. The age of endless growth in prosperity for everyone is a distant memory of a more hopeful age.
What can be done to deter pharmaceutical companies from jacking up prices of critical drugs? To prevent Wall Street banks from excessive gambling? To nudge CEOs into taking a longer-term view? To restrain runaway CEO pay?
Leading economic think-tank the institute of Fiscal Studies has warned that “middle-income families are the new poor” – a damning indictment of the way poverty in Britain has spread far beyond groups that are traditionally considered poor.
Inequities in wealth and income are one of the biggest social, economic and political challenges of our time. It’s important to address these inequities for three key reasons.
Earlier this year, I wrote about a cache of bitter writings by Woody Guthrie that I had discovered while conducting research for a book on the balladeer.
Here are some conclusions from a recent economics research paper. Do you think the authors are from some left-leaning think tank full of malcontents?
In what might be the most contentious election campaign season yet, the main presidential candidates seem to agree on at least one issue – that the policy around child care for American families needs improvement.
A recent UNICEF report found that the U.S. ranked 34th on the list of 35 developed countries surveyed on the well-being of children.
Latin America has traditionally been the world’s most unequal region, but it has recently shown signs of change. Through the 2000s, high international prices for exports have brought inequality levels down.
A new study finds a startling scarcity of children’s books for sale in low-income neighborhoods in Detroit, Washington, DC, and Los Angeles.
Brexit caps off a turbulent decade for the EU. Many in the eurozone will be hoping that it does not cause further economic turmoil, as it is becoming increasingly clear that the financial crisis of 2008-09 led to a substantial increase in poverty across the continent.
Some 36 percent of all U.S. residents are either financially desperate - meaning they don't earn enough to pay basic bills - or barely getting by, a new international survey says.
In her new book,White Trash: The 400-Year Untold History of Class in America, Nancy Isenberg rips apart the myth that the United States is a class-free society where hard work is rewarded by social mobility.
After a campaign lasting more than a year and taking in all 50 states, Hillary Rodham Clinton has delivered a speech that will go down in history.
Whether it’s by coincidence or causation, the financial collapse of 2008 and 2009 has resulted in growing angst over income inequality.
The recent shooting deaths of eight police officers in two separate incidents has shocked the nation and left us searching for answers.
On Wednesday, July 6, the four-year-old daughter of Diamond Reynolds witnessed the killing of Philando Castile by a Minnesota police officer. She and her mother sat in close proximity to Castile when he was shot.
Economist Guy Standing says the policy can reverse inequality. It also has an invigorating effect on volunteerism, home ownership, and community strength.
Sorry folks, this isn’t Trump University, I don’t have the plan for you to get rich quick. But it is important for everyone to understand exactly why Bill Gates is very rich. It’s called “copyright protection.”
Outstanding student loan debt in the United States reached a record US$1.35 trillion in March, up six percent from a year earlier.
Across the world, the current generation of youth has been remarkably active in mobilizing against inequality. From the Arab Spring and the global Occupy movement to many political campaigns across the world, young people are often at the forefront of the fight.
There is a well-documented “digital divide” between rural and urban areas when it comes to broadband access. As of 2015, 74 percent of households in urban areas of the U.S. had residential broadband connections, compared with only 64 percent of rural households. This gap has persisted over time.
Pico Rivera is a dusty working-class Latino suburb of Los Angeles. After the school district, Wal-Mart is the city’s largest employer and the source of 10 percent of its tax revenue. More than 500 families in the town depend on income from the store.
You often hear inequality has widened because globalization and technological change have made most people less competitive, while making the best educated more competitive. There’s some truth to this. The tasks most people used to do can now be done more cheaply by lower-paid workers abroad or by computer-driven machines.
A new study by the Pew Research Center spurred a rash of headlines last week about “the dying middle class.” But the word “dying” might be more appropriate if we were watching the regrettable but inevitable effects of natural forces at work.
I met Claudio at a Midwestern truck stop just before the Great Recession. At the time, I was a sociology grad student trying to understand how long-haul trucking had gone from one of the best blue-collar jobs in the U.S.
"Children do not kill careers, but the earlier children arrive the more their mother's income suffers. There is a clear incentive for delaying," says coauthor Raul Santaeulalia-Llopis.
Most small farms have to follow the same rules as big corporate ones. In Maine, flexible food ordinances have increased the number of small farmers.
Economic inequality is now firmly on the public agenda as candidates and voters alike look for someone to blame for stagnant wages, entrenched poverty and a widening gap between rich and poor.
The Panama Papers is a treasure trove of information on the activities and clientele of a large, but not atypical law firm operating in an offshore financial centre. In this case, it is a firm called Mossack Fonseca, based in Panama. It follows a series of spectacular leaks by the International Consortium of Investigative Journalists, including the HSBC files
When we think about disadvantages and challenges in the labor market, unemployment generally takes center stage, clearly exemplified by the monthly jobs report hype over one stat: the unemployment rate.
On Wednesday May 30, Emma Johnston, Nalini Joshi and Tanya Monro spoke at the National Press Club for a special Women Of Science event. Here they outline their views on how to promote greater participation by women at the top levels of science.
Income inequality in the United States has been a major flashpoint during the 2016 presidential election, with much debate focused on whether America is divided between “the 1 percent” who make up the wealthy elite and the lagging middle and working classes.
Despite appearances to the contrary, this year’s presidential follies have managed to feature at least a few policy discussions amid all the name-calling. Income inequality in particular has animated voters on both sides of the partisan divide, but the solutions advocated by candidates from each party are markedly different.
The tax cuts for the rich proposed by the two leading Republican candidates for the presidency – Donald Trump and Ted Cruz – are larger, as a proportion of the government budget and the total economy, than any tax cuts ever before proposed in history.
In 1983, the National Commission on Excellence in Education published A Nation At Risk: The Imperative for Educational Reform, which documented widespread academic underachievement at every level, concluding:
The association between life expectancy and postcodes, neighbourhood locations or train stations has been demonstrated in many different locations around the world. These include London and Glasgow in the UK and across the US including California.
These south side Chicago “explorers” had never seen anything comparable to the legendary Union League Club. The esoteric artwork, luxurious decor, and dapper club members were a far cry from the neighborhood where the group of African American teenagers grew up. And there was no mistaking the reaction on members’ faces: There goes the neighborhood.
America’s children are starting to recover from the worst effects of the Great Recession, although some ill effects remain, a comprehensive study on child well-being reports.
Health disparities are common in developed countries, including the United States, but at what age those inequities take root and how they vary between countries is less clear.
In what’s becoming an annual occurrence, we’re in the midst of a highly publicized debate over the lack of diversity among the Oscar-nominated performers and filmmakers. Outside groups, including the NAACP, are up in arms. Several celebrities – some of them Academy members – have announced their intention to boycott the big night.
A public health researcher explains why life expectancy in the United States is falling, and it has to do with income inequality rising.
Fifty years ago, Martin Luther King Jr. wrote “Why We Can’t Wait” to dispel the notion that African Americans should be content to proceed on an incremental course toward full equality under the law and in the wider society. King observed,
The idea of a basic income for every person has been popping up regularly in recent years. Economists, think tanks, activists and politicians from different stripes have toyed with the idea of governments giving every citizen or resident a minimum income off which to live. This cash transfer could either replace or supplement existing welfare payments.
Post-apartheid South Africa provides ample evidence of the debilitating trajectory of the microcredit movement. The expansion of microcredit and the informal microenterprise sector was one of the policy responses of the first democratically elected government.
We just learned America’s rental affordability crisis is as bad as it’s ever been. Unfortunately, it’s about to get a whole lot worse.