income inequality

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Could the coronavirus crisis help tackle income inequality?

The global economy is melting down. There is no sugar coating that. Catastrophic disruptions like the one coronavirus containment measures are visiting on industries, business and workers are already producing tremendous pain. It will likely get worse, along with the already devastating human toll. But profound upheavals like the one we are experiencing now also create unprecedented opportunities

A cure for income inequality?

 Local leaders across the United States are turning to private donors to fund an out-of-the-box policy experiment they think could go mainstream: Giving cash to residents, no strings attached. Newark, Milwaukee and Stockton, Calif., are among the cities testing versions of what’s known as universal basic income, a program under which residents receive a set

Income Inequality And The Economy Won’t Improve While Trump Pushes Bad Data

Not all problems are purely about numbers. But try to take on a single large-scale issue in the country and world today without specific detailed information. It doesn't matter what side of a question you're on. Legal abortion? Then you need to consider how poor people as well as wealthy can get access. Oppose it?

How Income Inequality Affects Health Equity, Patient Experiences

Nearly half of lower- and middle-income adults struggle to pay their dental and healthcare bills, underscoring latent issues with health equity in this country, according to a report from the Robert Wood Johnson Foundation, NPR, and the Harvard T.H. Chan School of Public Health. This comes in stark contrast with the highest income bracket that earns

Can solar geoengineering mitigate both climate change and income inequality?

New research from the University of California San Diego finds that solar geoengineering--the intentional reflection of sunlight away from the Earth's surface--may reduce income inequality between countries. In a study recently published in Nature Communications, researchers examine the impacts of solar geoengineering on global and country-level economic outcomes. Using a state-of-the-art macroeconomic climate impacts assessment approach,

Income Inequality In America Continues Its Inexorable Rise

Income inequality is an increasing problem in the United States and has been for several decades now. According to the Center on Budget and Policy Priorities (CBPP), back in the mid-1970s, income inequality reached its lowest point after incomes grew rapidly over the years from the late 1940s to the 1970s. Also, incomes increased at about

Three Graphs Show How Income Inequality Got Worse After The Crash

That the Great Recession profited the wealthy has been clear for some time. Similarly, it hurt those who were worse off. For example, those at the top of the economic structure here more than recovered what they had lost, largely because monetary and fiscal policy focused on bolstering markets. As New York University economics professor Edward Wolff has demonstrated,

Researchers Say Transparency Could Help Address Income Inequality

A frustration of income inequality, at least for those under the great dividing line, is the attitude from above that somehow poor and lower-income people deserve their lot in life. There's a lack of empathy, according to Lawrence Mitchell, a professor of law who wrote about this a couple of years ago: "The working poor may

The Hard Part of Ending Inequality Is Paying for It

Buried among the storylines about global trade and political intrigue from the G7 summit last month is perhaps the most noteworthy one of all. Business for Inclusive Growth, or B4IG, a coalition of 34 multinational companies with more than 3 million employees and revenues topping $1 trillion, unveiled an initiative to tackle inequality with help from the

High levels of income inequality make the public less cooperative

In a new study led by IST Austria, researchers have investigated the effects of income inequality on the public’s willingness to cooperate and show support for public goods and services such as taxes, healthcare, and education. While too much inequality was found to be far from beneficial, the team also determined that complete income equality did not produce

Income Inequality Is The Party Spoiler As Social Security Turns 84

Social Security is celebrating its 84th birthday on August 14. The program has shown its staying power and importance for middle-class economic security over the decades. Its benefits are particularly important for workers, who face economic insecurity during their careers. And the chance of that happening has gone up in the past four decades. At the same

The Double Whammy: Housing and Income Inequality

America today faces a two-headed problem: economic inequality and housing inequality. The former has soared to heights not seen since the Gilded Age. The latter, as home prices spike in coastal superstar cities and lag in much of the country’s middle, has become a main feature of our divided, winner-take-all geography. The two phenomena are

Surprising gender disparity in work-life balance

The concept of work-life balance and its relation to the satisfaction that individuals and groups express regarding the quality of their lives have attracted the attention of policy makers, labor economists, and others. Life satisfaction is central to the general happiness and health of a society or nation. In a new study published in Journal

2019-07-28T06:10:28-05:00Tags: |

Health equity is declining as income inequality grows, JAMA study shows

As income inequality worsens in America, the health of its less-fortunate patients continues to decline, according to a new study conducted by researchers with the Centers for Disease Control and Prevention (CDC). The study, published this month in JAMA Network Open, collected survey data from the CDC from 1993 to 2017, which included 5.5 million Americans

What Does America’s Top 5% Think About Income Inequality?

It has been said that there are three kinds of lies: lies, damned lies, and statistics. Well, there's no lying about the growing income inequality in America. In 1965, America's top 1% controlled about 10% of the nation's after-tax income. That number has now grown to over 15%. The average CEO-to-worker pay ratio has increased

A plan to fix inequality would target CEOs who make 100 times more than their employees

America is riven by enormous income inequality. Should Silicon Valley’s very richest pay to make that better? That’s the question behind an intriguing and politically timely new proposal that San Francisco lawmakers plan to put before voters next spring and that could lead to similar efforts across the country: A second-of-its-kind attempt to tax the companies

Social inequality more impactful on well-being than income inequality

Boston Consulting Group’s Sustainable Economic Development Assessment (SEDA) suggests that the correlation between well-being and social equality is stronger than that between income equality and well-being. Likewise, those individuals in countries with high levels of social equality tend to be happier than those without. SEDA makes an objective measurement of well-being by examining and analyzing

Income inequality is neither ubiquitous nor inevitable.

Rising levels of inequality has become a key political issue in recent years; “the defining issue of our time,” as Barack Obama described it back in 2013. It was at the heart of the Occupy movement protests, and has received a huge amount of attention in the media and in policy circles. But much of this

Nearly half of global wages received by top 10%, survey finds

Nearly half of all global pay is scooped up by only 10% of workers, according to the International Labour Organization, while the lowest-paid 50% receive only 6.4%. The lowest-paid 20% – about 650 million workers – get less than 1% of total pay, a figure that has barely moved in 13 years, ILO analysis found. It

Skill Development: How CEOs Can Tackle Income Inequality

The rapid growth in income inequality in America over the past decade is alarming. It threatens our economic and social stability. The income disparity between the top rung and the bottom rung is stark and getting worse. The wealth disparity is even more pronounced. The plight of average Americans will erode trust in capitalism unless