Before Reagan working people benefited most from economic recoveries. After Reagan, the top 10% benefited more. After 2000, 90% of us continued to fall behind – when we opened "free trade" with China.
Economic expansions used to improve the incomes of the bottom 90 percent more than the top 10 percent. But starting with the “Reagan” recovery the benefits of economic growth during expansions have gone mostly to the top 10 percent.
The more wealth concentrates, the greater the strain on our biosphere. Top environmentalists get that connection. Now our societies must.
Sexism. A culture of violence. Untrustworthy leadership. Runaway inequality. ... We’re not talking about America's top corporations. We're talking about the NFL.
Bill Clinton argues that corporate CEOs will soon care more about employees and society than profits. But today's CEO's are cashing out their own companies' futures to line their pockets. Sweet dreams won't change that.
Every couple of generations, the stars align to create the potential for monumental, transformative social change. It turns out we're in just such a moment when it comes to tackling poverty in the United States.
Two "inflation hawks" on the Federal Reserve's open market committee, Charles Plosser and Richard Fisher, will step down from the board in early 2015. That's a chance for working people to have their own representatives.
While the explanations that blame inequality on technology can get complicated, there were three items in the last week that painted the picture very clearly for the rest of us.
What does pure self-interest really look like? It looks an awful lot like Kim Kardashian. Or Paris Hilton. Or other recent manifestations of America’s celebrity culture.
These pictures create a paint-by-numbers picture of a lifelong losing game. The middle class and working poor are increasingly trapped in a downward slope that stretches from their golden youth to their sunset years.
Conservatives say marriage is the “ultimate anti-poverty program,” and claim that most of our economic woes would vanish if more people got hitched. A new study suggests "putting a ring on it" barely makes a dent in poverty.
New York Democratic Senator Chuck Schumer has introduced a bill aimed at fighting the corporate tax-dodging practices of "inversion" and "earnings stripping" which involve use on non-US affiliate companies.
Are you worried about the government running deficits in the hundreds of billions of dollars and a debt in the TRILLIONS? If so, then you should be really angry at people calling for the Federal Reserve Board to raise interest rates.
Are We the People the boss of the corporations, or are the corporations the boss of We the People? The Securities and Exchange Commission (SEC) needs to be reminded which way that question is supposed to be answered.
The "average" U.S. family is doing just fine, says the Federal Reserve's latest portrait of household wealth. But typical Americans, other numbers in the report make clear, are struggling something awful. What's up here?
At Michael Brown’s funeral, Rev. Al Sharpton lamented that America has “money to give military equipment to police forces,” but not to train and employ young people. Sen. Bernie Sanders is making good on a promise to remedy that.
Today, workers in 150 cities will take to the streets to demand livable wages for themselves and their families, the right to organize, and a better economy for all of us.
Workers in union-friendly states earn more than those in anti-union states, and pay more taxes to subsidize low-wage earners in the anti-union, right-to-work states.
In recent decades the news for the country’s workers and the labor movement has been mostly bad. It would be easy to go on about how bad things are, but it is worth highlighting a couple of good news items against this backdrop.
Think your money's not going very far this year? It's not your imagination. According to new research, real hourly wages declined for almost everybody in the U.S. workforce in the first half of 2014. Thanks, so-called recovery.
Tolstoy wrote that "kings are the slaves of history." Unfortunately for Burger King, which intends to renounce its American status for tax purposes, neither history nor public opinion is on its side.
Monday morning the S&P 500 composite index briefly passed the 2,000 mark. But out beyond Washington and Wall Street and the Hamptons, out in the world where most Americans live, things aren’t quite as rosy.
Everyone is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? Business expert William Lazonick answers with a clarion call for changing the way America does business.
The structure of the Federal Reserve ensures that the banking industry's concerns get a full hearing at Fed meetings, while those of workers may not. But that doesn't mean protests against Fed policies are futile.
With so many homeowners and businesses making greener energy choices, private utilities see the writing on the wall. They're trying to coax lawmakers into rigging the rules against increasingly competitive new energy alternatives.
Corporate “inversions” are all the rage. No, I’m not talking about Wall Street yoga — although the term does refer to a method for companies to twist and contort themselves in order to evade taxes.
For many years there were some economists who argued that their discipline should focus on growth and not worry about inequality. But a research brief Standard and Poor’s concludes that growth versus equality is a false choice.
Why does Wall Street tank on news portending economic gains for most Americans? Don’t people with extra money boost the economy when they spend more freely? Isn’t it something worth celebrating? Not in an economy that caters to the rich.
Thomas Friedman recently filed an editorial from, and about, Madagascar. In a new piece for Salon, we point out the flaws in his thinking – flaws that mirror his shortsighted […]
Wealth's current tilt to the top sometimes seems almost eternal. But can our economy ‘self-correct’? A provocative new paper out of the developed world's official research agency contemplates our tomorrow.
The "Make it Work" campaign is primarily concerned with issues surrounding equal pay, caregiving, and work and family life. Vivien Labaton, the campaign co-founder, explains how it plans to advance its agenda.
A leading conservative academic is charging that critics of America's top-heavy distribution of income and wealth are missing the bigger picture. In the process, progressive economists point out, he's only fogging that picture up.
If you get a speeding ticket, do you get to deduct the fine from the income tax you owe? Then why should JPMorgan Chase be able to deduct from its taxes a $20 billion fine for wrongdoing as a cost of doing business?
At a Senate Finance Committee hearing this week, the committee chairman and a panel of witnesses were united in supporting immediate action to combat "inversions," an increasingly used tax-avoidance tactic.
The aims of Rep. Paul Ryan's latest antipoverty vision sound noble. But the core of his proposal has a fundamental flaw: Block grants to states have proven ill-suited to the task of reducing poverty.
One of the most startling trends to come out of the wreckage of the 2007-2008 financial crisis is the explosion of Wall Street firms buying up and renting out property all across the country. This is insane -- it’s a recipe for disaster.
Narcissists don’t happen to be particularly nice people. They preen. They grab. And they never ever really feel our pain. New research shows that extremely self-centered people also don’t make particularly effective corporate CEOs.
Sen. Rand Paul mocked the Obamas for wanting their daughters to experience working for minimum wage. My experience taught me “the value of work,” and to value workers for whom earning a living isn’t always fun, stimulating, or fair.
As is usually the case with the conservative extremists who dominate the House, when it says it is about to "improve" something, that's the signal that for a lot of struggling families, things are actually about to get worse.
Corporations that “invert” park their assets, staff and sales in the U.S. But with their sham overseas addresses, they won’t pay taxes on foreign income to the country that protects them.