The biggest story in the United States economy, beyond its general crappiness, is the extreme inequality that has developed over the past three decades. The top 1% of the country is now taking home a ...
Tight labor markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income inequality could give an epidemic disease a try. This might ...
Income inequality has been a dominant topic of debate in recent months and will likely influence the coming presidential race. A common argument advanced by fans of inequality economist Thomas Piketty ...
Or if that's too ambitious a goal then how about how to reduce inequality in America? Now, I have to admit, that inequality really isn't one of those things that I worry about very much. Poverty is, ...
Did you file on time? A tax professional friend of mine told me recently that he’s surprised every year to see how many people leave their tax filing to the last minute. Maybe they’re too busy. Maybe ...
If there’s one dead-of-winter public spectacle even more soul-sapping and self-congratulatory than the Grammys —now taking its cues, however well-intentioned, from the late Rev. Sun Myung Moon by ...
I often start the first-year managerial economics classes I teach by showing a graph to my MBA students (see below). It shows that in 1951, middle-income Indians (from the middle 40 th percentile, ...
Earnings inequality in America has increased since 1979 — that much we know. But why and what to do about it is murky — in part because we’re not all talking about the same group of people when we ...
Billionaires like Jeff Bezos (here with fiancée Lauren Sanchez) may benefit from economic inequality, but they should not necessarily be blamed for it. WWD via Getty Images These days many liberals ...
Government must reverse declining public spending by expanding the tax net and ensuring progressive revenue generation if the inequality among the population is to be addressed, a new inequality ...