Posts filed under “Wages & Income”
Click for an interactive graphic.
Source: NY Times
If you missed it over the weekend, Sunday’s New York Times had an amazing interactive graphic on where poverty is in the U.S.
Over the past 50 years, the poverty rate in the nation has fallen from 19 percent to 15 percent in essentially two generations.
But Bad Government Policies Are Making Inequality Worse By the Day AP reported Tuesday: The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. *** “What you want is a broader spending base,” says Scott Brown, chief economist at Raymond James, a financial advisory firm….Read More
Yesterday, we looked at the benefit to McDonald’s of having its workers subsidized by state and federal aid. Today, its Wal-Mart’s turn. Recall our discussion last month on the related subject of “How McDonald’s and Wal-Mart Became Welfare Queens.” We learned that employees of these two companies are often the largest recipients of aid in…Read More
The delightful Catherine Mulbrandon, who spoke at the very first Big Picture Conference, shares these interesting ways of conceptualizing income distribution: click for ginormous graphics Incomes as a percentage of population Incomes above $50 Million (top 0.01%)
Last month, we discussed in this space McDonalds and Wal-Mart as America’s biggest welfare queens. As it turns out, both retail giants are the beneficiaries of a surprising amount of Federal aid: Their employee’s receive an inordinate amount of Medicaid, food stamps and other public assistance. This allows them to maintain very low wages, and…Read More
The Surprising Impact of High School Math on Job Market Outcomes Jon James Federal Reserve Bank of Cleveland 11.01.13 The economic returns to education are well documented. It is also well-known that college graduates with certain majors will earn more than others and find it easier to land a job. But surprisingly, the…Read More