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March 29, 2015 America's shrinking middle class - They compare industries and occupations based on their exposure to Chinese offshoring after Chinaâs accession to the îWorld Trade Organizationî in 2001. They find that when exposure is greater, wage...

March 24, 2015 Poverty rate in US drops for the first time since 2006

Economic Times - WASHINGTON: The poverty rate in the United States has dropped for the first time since 2006, bringing a bit of encouraging news about the nation's economy as President Barack Obama and Congress gear up for the...

March 24, 2015 Clinton: US Needs Solutions to Income Inequality

Source: ABC News

Approaching a likely presidential campaign announcement next month, Hillary Rodham Clinton said Monday that income inequality and wage stagnation are problems that go hand-in-hand and the nation needs creative solutions to...

March 23, 2015 Study: World’s richest 1 percent about to control majority of world’s wealth

Source: Kansas City Star

The richest 1 percent are about to control a majority of the world’s wealth. That’s according to Oxfam America Inc., which said the slice of global wealth held by the world’s most affluent reached 48 percent last year, up from...

March 19, 2015 Target Said to Be Raising Hourly Wages to at Least $9 Next Month

Source: Bloomberg

Target Corp., the second-largest discount retail chain, will raise employee pay to at least $9 an hour this year, following in the footsteps of Wal-Mart Stores Inc. and TJX Cos., a person with knowledge of the matter said.

March 18, 2015 The Rumpus Over Seattle's $15 Minimum Wage And Restaurant Closures

Source: Forbes

A couple of days back I gleefully leapt on the story about restaurant closures in Seattle and the effects of that city’s higher minimum wage. There has been a certain pushback from various people to that idea and we might now be...

March 13, 2015 US household wealth touches record high: Nearly $83 trillion

Source: Bellingham Herald

WASHINGTON — Fueled by higher stock and home values, Americans' net worth reached a record high in the final three months of 2014. Household wealth rose 1.9 percent during the October-December quarter to nearly $83 trillion, the...

March 10, 2015 Income inequality increasingly concerning

Cape Breton Post - In Canada, the C.D. Howe Institute, îthe Conference Boardî of Canada and the Canadian Centre for Policy ... âIn spite of the enduring belief that Americans enjoy greater îsocialî...

March 9, 2015 Americans participating in the labor force reduce to multi-year lows

Source: Uncover Michigan

The number of Americans participating in the labor force has been on a decline for the past few years. Nearly 33 percent of the Americans above age 16 are not part of the workforce, the highest number since 1978. The Bureau of...

March 2, 2015 Billionaire now claims he was misquoted when he said 'America's lifestyle expectations are far too high' ...and argues he's always fought against inequality

Daily Mail - Greene, a self-made businessman worth around $3 billion, spoke at the îWorld Economic Forumî in Davos, Switzerland, last month, reportedly saying he believes people in the United States need to stop...

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