In a recent column in the Atlantic called “Building the Wealth of the Poor and Middle Class,” Noah Smith suggests a few ways to improve the unequal distribution of wealth in America. He notes that “one obvious thing we could do to make wealth more equal is – surprise! -redistribution…Giving the poor … More >
As described in an earlier post, there was a long period during America’ nineteenth-century economic growth in which progress was so uneven, so unequal that the height and life spans of Americans declined for a few decades. On average, those who were born between roughly 1830 and 1870 grew up … More >
The Page Family Foundation, funded by Google co-founder and philanthropist Larry Page and his wife Lucy, recently announced that it would cover flu shots for all 4- to 18-year-olds in the San Francisco Bay Area. “For some children, the cost of a flu shot could be prohibitive, so Larry and … More >
The destruction caused by the bursting of the housing bubble and the subsequent Great Recession continues to wreck havoc on our economy, communities, families and workers. Last month, the Federal Reserve released 2010 data from its Survey of Consumer Finances (SCF). This triennial survey, one of the best sources on … More >
One vision of the digital electronic future is that it would “erase” place and space. One can Skype over a cell phone with people half a globe away. A law firm can send audio to India and get back transcriptions in the morning. A firm in California can order goods … More >
Much of the current political and popular discourse has focused on inequalities that exist in the U.S. In particular the Occupy movement has brought the huge disparities in wealth to the forefront. There are a few questions floating around about wealth. First, how skewed is the distribution? Second, it is … More >
On September 17, a group of US citizens inspired by the successes of public protest in other countries occupied public space on Wall Street, the location in Manhattan that has come to stand for the excesses of the financial sector.
Not only does Wall Street stand for the banks that fueled … More >