Tag Archives: income

The Cost of Global Inequality




By GREGORY N. HEIRES Inequality around the world is deepening as the international elite sets the rules of the global economy, which allows them to accumulate vast wealth and income at the expense of everyone else. The widening inequality stifles … Continue reading






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The Dwindling Middle Class




By GREGORY N. HEIRES The middle class is dwindling as the polarization between the rich and the poor in the United States deepens. Middle-income Americans used to outnumber lower- and upper-income Americans four decades ago. But that’s no longer true. … Continue reading






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An Economic Recovery for the 1 Percent




By GREGORY N. HEIRES The evidence just keeps coming in: The country’s economic elites are the only ones who have benefited from the so-called economic recovery. The triennial Survey of Consumer Finances by the Federal Reserve Board, released this month, … Continue reading






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Municipalities Face Obstacles as They Seek to Address Inequality




By GREGORY N. HEIRES Rising inequality is a permanent fixture of our economy. That bleak assessment of our economic landscape is one of the troubling conclusions of a new report by the United States Conference of Mayors. “Unless policies are … Continue reading






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Inequality Gone Wild




By GREGORY N. HEIRES We have a winner-take-all global economy, a malady that undermines democracy, distorts economic development and fuels inequality. Timed to coincide with the meeting of the global economic elite at the World Economic Forum in Davos, Switzerland, … Continue reading






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Obama, de Blasio, Fast-Food Workers and the Challenge of Inequality




By GREGORY N. HEIRES The day after President Obama described inequality as the “defining challenge of our times,” fast-food workers walked off the job in 100 cities across the country, demanding to be paid $15 an hour and the right … Continue reading






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As the 1 Percent Leaves the 99 Percent in the Dust, Bush’s Chief Economist is Smiling




 By GREGORY N. HEIRES Perhaps you shouldn’t be surprised that the chief economist during George W. Bush’s presidency seems happy that economic inequality in our country is at its most extreme since the Great Depression. After all, the Bush administration … Continue reading






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The Wal-Mart Low-Wage Model Broke the U.S. Economy




By GREGORY N. HEIRES Wal-Mart’s nickname should be Inequality Inc. Consider this: • Six heirs of the company’s founder control more wealth than 41.5 percent of all American families combined—or 48.8 million families. • From 2007 to 2010, the wealth of the … Continue reading






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Bad Jobs Outlook for Graduates




By GREGORY N. HEIRES The recession may be officially over, but the economy continues to be bad news for recent high school and college graduates. When members of the Class of 2013 graduate later this year, many of them will … Continue reading






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An Economic Recovery for the One Percent




By GREGORY N. HEIRES The money is not trickling down. Evidence continues to grow about the persistence of deepening inequality in our society as beltway politicians consider raising the minimum wage. And working families have little reason to be optimistic … Continue reading






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