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News & Information

News & Information

May 21, 2015 OECD Sees Continued Rise in Growth-Harming Inequality

Source: Wall Street Journal

Two-fifths of the population of developed countries have gained little over recent decades, driving a rise in income inequality that is damaging economic growth and that can only be reversed through a wide range of government...

May 20, 2015 Minimum wage: L.A. City Council approves increase to $15 by 2020

Source: LA Times

The Los Angeles City Council on Tuesday backed a plan to raise the city’s minimum wage to $15 per hour, joining a trend sweeping cities across the country as elected leaders seek to boost stagnating pay for workers on the lowest...

May 11, 2015 America's poor are 'envy of the world,' says richest Congressman =text/video

Source: CNN Money

Asked by CNNMoney whether he feels personally responsible to address income inequality in the United States, the Republican Congressman from California said "absolutely." But he noted that America is the richest country on earth...

May 7, 2015 The 1% Will Own Half of Global Wealth by 2016, but Oxfam Has a Plan to Even Things Out

Business The Street - The study was unveiled just prior to the îWorld Economic Forumî held in Davos, Switzerland this past January. Specifically, the study found that the wealthiest 1% on the planet have seen their...

April 22, 2015 New York City’s Environment Program Will Focus on Income Inequality

Source: NY Times

In his most sweeping bid yet to apply a focus on income inequality across the municipal spectrum, Mayor Bill de Blasio of New York on Wednesday will introduce a reimagined take on the city’s ambitious environmental program,...

April 15, 2015 Top 20% of Earners Pay 84% of Income Tax

Source: Wall Street Journal

The individual income tax remains the most important levy in the U.S., providing nearly half of federal revenue. This is unusual: On average, developed nations get only one-third of their revenue from income taxes. Typically they...

April 15, 2015 Best boss in America? CEO raises firm's minimum wage to $70k after reading study on happiness

Source: Telegraph

The boss of a technology start-up in Seattle shocked his employees by announcing he was taking a massive pay cut in order to raise the salaries of the firm's lowest-paid staff.

April 14, 2015 Top 1% pay nearly half of federal income taxes

Source: CNBC

The top-earning 1 percent of Americans will pay nearly half of the federal income taxes for 2014, the largest share in at least three years, according to a study.

April 14, 2015 Today’s Equal Pay Day — so how do we fix the pay gap?

Source: Fusion

Guess what today is? It’s Equal Pay Day – and yes, this is still a problem in this country. Women make up nearly half of the American work force, but still earn only 78 cents for every dollar a man earns. That percentage is even...

April 7, 2015 The American people are clueless: Why income inequality is so much worse than we realize

Source: Salon

In a candid conversation with Frank Rich last fall, Chris Rock said, “Oh, people don’t even know. If poor people knew how rich rich people are, there would be riots in the streets.” The findings of three studies, published over...

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