Tag Archives: Inequality

The Persistent Racial Wealth Gap




By GREGORY N. HEIRES The racial wealth gap persists—with little hope of narrowing anytime soon. Today, the disparity in household wealth between whites and blacks is a national disgrace. In 2013, the average household wealth of blacks was $85,000 compared … Continue reading






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The Minimum Wage and the Divide Between Wall Street and Main Street




By GREGORY N. HEIRES It’s always eye-opening to look at the divide between Wall Street and Main Street. The income gap gives you a sense of the depth and cost of inequality in the country, where an estimated 42 percent … Continue reading






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The Instability of Labor and the Gig Economy




By GREGORY N. HEIRES The gig economy is receiving a lot of attention these days as online businesses like Uber car service and Airbnb Inc. hoteliers prosper. Optimists predict online businesses will continue to grow rapidly and workers will increasingly … Continue reading






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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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Plutocracy USA




Plutocracy U.S.A. By GREGORY N. HEIRES Let’s be honest: The United States has become a plutocracy. Reports about inequality typically focus on the country’s growing income gap, now the most skewed since the Great Depression. But the country’s class and … Continue reading






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Top 100 CEO Nest Eggs Worth Savings of 51 Million Families




By GREGORY N. HEIRES As traditional pensions disappear and millions of Americans worry about being unable to enjoy a comfortable retirement, the typical CEO has a nest egg of nearly $49.3 million. The largest 100 CE0 retirement packages were worth … Continue reading






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The Economic Recovery Leaves Behind Low-wage Workers




By GREGORY N. HEIRES Wages have declined for most U.S. workers since the end of the recession in 2009, and there’s little hope for improvement without policy changes. The largest real wage declines have hit workers in the most poorly … Continue reading






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The Recovery Fails to Deliver Rising Wages




By GREGORY N. HEIRES If you believe that the so-called economic recovery means that the living standards of workers have improved, you should think again. The stagnation of wages—the defining characteristic of our economic times along with rising inequality—continues. Since … Continue reading






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The Global Economic Divide




By GREGORY N. HEIRES With wealth rising at probably the fastest pace on record, the world’s richest 1 percent own nearly 50 percent of global assets. The Credit Suisse Research Institute’s 2014 “Global Wealth Report” finds that the world’s financial … Continue reading






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