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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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The American middle class is stable in size, but losing ground financially to upper-income families

By Rakesh Kochhar ~ Pew Research Center ~ About half (52%) of American adults lived in middle-class households in 2016. This is virtually unchanged from the 51% who were middle class in 2011. But while the size of the nation’s middle class remained relatively stable, financial gains for middle-income Americans during this period were modest compared with those of higher-income households, causing the income disparity between the groups to grow.…

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Separate is still unequal: How patterns of occupational segregation impact pay for black women

By Madison Matthews and Valerie Wilson ~ Economic Policy Institute ~ August 7th was Black Women’s Equal Pay Day, the day that marks how long into 2018 an African American woman would have to work in order to be paid the same wages her white male counterpart was paid last year. On average, in 2017, black women workers were paid only 66 cents on the dollar relative to non-Hispanic white…

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Hurricane season not only brings destruction and death but rising inequality too

By Junia Howell ~ The Conversation ~ Hurricane Lane, which drenched Hawaii with four feet of rain, is a reminder of the devastation hurricane season can bring. Only one year ago Hurricane Harvey ravaged Houston, followed closely by Irma and Maria, which left a trail of destruction across Florida and Puerto Rico. Despite the private and government aid provided after these disasters, thousands continue to struggle even today. However, not…

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Can a Cap Be Placed on the Incomes of the Super-Rich?

By Sam Pizzigati, Polity Books ~ Truthout ~ Is there a means to eliminate the financial class of the super-rich? Would this help reduce income inequality were it come to pass? Sam Pizzigati makes the case that the answer is “yes” in his book, The Case for a Maximum Wage. The following is an excerpt from the book. Economists and epidemiologists, psychologists and political scientists: Researchers from multiple disciplines have…

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