The National Basketball Association has an income inequality problem. The highest-paid players make upwards of $20 million per season, while the lowest-paid ones make a measly half a million. In the ...
Evidence from survey research suggests that most people in the United States recognize economic inequality as a social problem in our society. And many of us are willing to acknowledge that ...
There is a simple theory of inequality in which rich people have nearly all the wealth and income, and do nearly all the spending, while poor people struggle along with the minimum of those things ...
A narrow definition such as income inequality does not capture the vast disparities in power that define our society.
Growing economic inequality is either “a major issue of our time” or “a defining challenge of our time,” depending on your taste for hyperbole. Given America’s recent experience, however, I would like ...
For many Americans, the national debt—now approaching $30 trillion—is an afterthought that must always take a backseat to the social and economic problems of the day. Now, it's the COVID-19 pandemic ...
The debate in Congress is over how to help the overall economy, but there is an underlying issue highlighted by the Occupy Wall Street protests. It's the question of the gap between rich and poor - ...
Capitalism has a public relations problem. While many will grudgingly admit that capitalism, the economic system based on private property and free trading, yields faster rates of economic growth, ...
There is a broad consensus that the impacts of climate change are not experienced equally. According to the World Bank, “The poorest and most vulnerable people bear the brunt of climate change impacts ...
A slew of demographic changes is primarily responsible for Social Security's rapidly growing unfunded obligations. A larger percentage of earned income is escaping Social Security's payroll tax than ...