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Twelve charts that show how policy could reduce inequality—but is making it worse instead

By Economic Policy Institute With the unemployment rate at 4 percent or below for eight consecutive months, 2018 appears to be the year when the economy finally became healthy again. But while low unemployment is good news, it doesn’t tell the whole story of how typical families are faring in the current economy. As the economy normalizes following a long, slow recovery from the Great Recession, we are quickly resuming…

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Why wages are going nowhere

By Robert Reich ~ Nation of Change ~ The combination of high corporate profits and growing corporate political power has created a vicious cycle. The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year. But the official rate hides more troubling realities: legions of college grads overqualified for their…

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How Rising Inequality is Stalling Economies by Crippling Demand

By Stephen Bell ~ The Conversation Rising inequality is a concern across the developed economies, including Australia where top earners’ pay has soared to a 17-year high while ordinary workers’ wage growth has been the lowest on record. And that’s ultimately bad news for economic growth. This is longer than the usual Conversation article, so allow some time to read and enjoy. ________________________________________ In the last decade or more, economic…

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Why the War on Poverty in the US Isn’t Over, in 4 Charts

By Robert L. Fischer ~ The Conversation On July 12, President Trump’s Council of Economic Advisers concluded that America’s long-running war on poverty “is largely over and a success.” I am a researcher who has studied poverty for nearly 20 years in Cleveland, a city with one of the country’s highest rates of poverty. While the council’s conclusion makes for a dramatic headline, it simply does not align with the…

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Imagining an Economy That Serves the 99%

By Tim Koechlin Common Dreams Those who benefit most from the status quo spend a lot of money to persuade the rest of us that this – an economy that serves the top 1% — is good for us and, in fact, the best we can do The United States is among the richest societies ever. But despite all of its productivity, all of its abundance, and all of its…

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