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.
- By Robert Reich
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.