by Sam Pizzigati | Jun 28, 2018 | Blog
The ultimate real-life test of “trickle down” — the notion that we all prosper when the rich get richer — may well be New York. The Big Apple, after all, certainly abounds in rich getting richer. No city in the world now hosts more of humanity’s super rich....
by Sam Pizzigati | Jun 15, 2018 | Blog
The American economy rests ultimately on trust, a mutual understanding between employers and employees that each side, in the end, will behave honorably. A fair day’s wage, as the classic formulation puts it, for a fair day’s work. This covenant gets broken, of...
by Sam Pizzigati | May 30, 2018 | Blog
No single statistic, in isolation, tells us particularly much. Numbers only gain real meaning when we compare them. Take, for instance, the figure for the increase in CEO pay last year at major American corporations. A statistic for this increase — 6.4 percent —...
by Sam Pizzigati | May 14, 2018 | Blog
The world at large knew virtually nada about Sylvia Bloom for 96 years. Then she died in 2016. Now, just a little too late, Sylvia Bloom is getting her belated — yet richly deserved — 15 minutes of worldwide fame. The New York Times has just published a heart-warming...
by Sam Pizzigati | May 4, 2018 | Blog
The German sociologist Georg Simmel, way back in 1900, likened grand concentrations of private wealth to stars in the sky. These days, here in our second grand global Gilded Age, the more appropriate celestial analogy might be the black hole. The more wealth...
