Inequality

  • 02.09.18

    World Government Summit 2018 - The Global Happiness Policy Report

    Professor Jeffrey Sachs and Professor John Helliwell discuss how governments can benefit from the first-ever Global Happiness Policy Report....

    Professor Jeffrey Sachs and Professor John Helliwell discuss how governments can benefit from the first-ever Global Happiness Policy Report.

     

  • 02.08.18

    More Buybacks, More Inequality

    Trump's promise that corporations will use his giant new tax cut to make new investments and raise workers' wages is proving to be about as truthful as his promise to release his tax returns....

    Trump’s promise that corporations will use his giant new tax cut to make new investments and raise workers’ wages is proving to be about as truthful as his promise to release his tax returns.

  • 12.01.17

    You're The Real Job Creator

    As the GOP tax plan, officially known as the Tax Cuts and Jobs Act, awaits reconciliation with the House, the threat of a mounting deficit is once again in the news....

    As the GOP tax plan, officially known as the Tax Cuts and Jobs Act, awaits reconciliation with the House, the threat of a mounting deficit is once again in the news. 

  • 11.21.17

    War of the Rich on the Poor is Astounding

    Jeffrey Sachs, professor at Columbia University, discussed income inequality in the U.S. and tax reform with Tom Keene on "Bloomberg Surveillance."...

    Jeffrey Sachs, professor at Columbia University, discussed income inequality in the U.S. and tax reform with Tom Keene on "Bloomberg Surveillance." 

  • 05.10.17

    7 Economic Fundamentals

    In this video, Robert Reich lays out the 7 economic fundamentals that demonstrate the problematic nature of the nation's current wealth distribution. 1. Workers are Consumers 2. Consumer Spending = 70% of Economic Activity 3. Wealthy Spend Smaller Percentage of Income 4. Concentrated Wealth = Not Enough Purcha...

    In this video, Robert Reich lays out the 7 economic fundamentals that demonstrate the problematic nature of the nation's current wealth distribution. 

    1. Workers are Consumers

    2. Consumer Spending = 70% of Economic Activity

    3. Wealthy Spend Smaller Percentage of Income

    4. Concentrated Wealth = Not Enough Purchasing Power

    5. Sufficient Demand Requires the Middle Class and Poor

    6. Policies to Help Working Families

    7. Wealthy do Better in a Growing Economy 

  • 01.17.17

    Senator Bernie Sanders' MLK Address

    On MLK day 2017 Senator Sanders gave a speech recognizing the work done by Dr. Martin Luther King Jr. including issues that he fought for that are still relevant to politics today. The Senator addresses the vision that many people have of MLK and talks about some of his less well known, but still important, initia...

    On MLK day 2017 Senator Sanders gave a speech recognizing the work done by Dr. Martin Luther King Jr. including issues that he fought for that are still relevant to politics today.

    The Senator addresses the vision that many people have of MLK and talks about some of his less well known, but still important, initiatives. "It is easy for us today in the year 2017 as the whole country celebrates Dr. King to forget that in the last few years of his life if you think that Governors and Senators and Mayors were standing up saying what a great man Dr. King was, read history because you are sorely mistaken." Senator Sanders specifically looks at Dr. Martin Luther King's commitment to poor people and protests against the Vietnam war in the last years of his life.

  • 12.01.16

    Building Middle-Class Wealth Through Unions

    This report by the Center for American Progress uses the Federal Reserve's Survey of Consumer Finances to show that "unions can play a role in increasing wealth for middle-class Americans." It does this by looking at the difference between union and non-union households on a variety of measures and concluding that ...Read More

  • 10.02.16

    Facing Up To Income Inequality

    Jeffrey Sachs begins this article with a description of stagnating incomes "While household median incomes have stagnated since the late 1990s, the inflation-adjusted earnings of poorer households have stagnated for even longer, roughly 40 years" while higher income households have seen substantial increases. Sac...

    Jeffrey Sachs begins this article with a description of stagnating incomes "While household median incomes have stagnated since the late 1990s, the inflation-adjusted earnings of poorer households have stagnated for even longer, roughly 40 years" while higher income households have seen substantial increases. 

    Sachs describes that there are three main factors that contribute to this income inequality: technology, trade, and politics.

    Technology has raised demand for higher skilled, higher educated workers and has increased income for those groups while leaving other groups behind. While trade has increased competition for lower skilled industrial workers. Finally, politics in the United States has not tended to favor the working class and instead it benefits those who can pay for lobbying.

    Sachs then investigates the policies in the U.S. compared to those in other countries using the Gini index (a measure of income inequality varies between 0 - full income equality across households, and 1 - full-income inequality, in which one household has all the income) to compare countries both through market income and disposable income. He finds that the net distibution in the U.S. is especially low when compared to many other first world countries and ends with the statement that "these income comparisons underscore that America's high inequality is a choice, not an irreversible law of modern world economy."

     

  • 09.27.13

    Inequality For All: A Visual Story

    To compliment his film Inequality for All, Robert Reich put together this visual story to demonstrate and shine light on the economic inequality in the United States....

    To compliment his film Inequality for All, Robert Reich put together this visual story to demonstrate and shine light on the economic inequality in the United States. 

    Inequality for all 1

  • 09.20.13

    Inequality For All: Interview With Bill Moyer

    In this video, Bill Moyers talks with Economic analyst Robert Reich about the new film Inequality for All. Reich talks about the ideas within the film and why he used this medium to communicate about income inequality in the United States. Ultimately, Reich wants to educate his viewers about the economy, what ha...

    In this video, Bill Moyers talks with Economic analyst Robert Reich about the new film Inequality for All. 

    Reich talks about the ideas within the film and why he used this medium to communicate about income inequality in the United States.

    Ultimately, Reich wants to educate his viewers about the economy, what has happened with income inequality in the last couple decades and what can be done to benefit workers, the middle class, and "the little guy."