Earlier this month, the Ojai Chautauqua held a panel discussion on income inequality, with a brilliant and politically diverse group of panelists, phenomenally well-moderated by Dan Schnur of USC. I'll put in a link, but may I say (even as someone associated with the "Ojai Chat") that it really went well, and honestly may be worth your time to watch, ifContinue reading “Jefferson and the problem of inequality in a democracy”
Perhaps the wittiest of panelists at yesterday's Ojai Chautauqua on income inequality was Edward Kleinbard, a USC professor of business and law, and author of the new book We Are Better Than This. At one point he put up this chart, in defense of his statement that the USA was "#1 in tax whining." AtContinue reading “USA: #1 in tax whining (Edward Kleinbard)”
Don't often succumb to video in this space, but will make an exception for this announcement promoting what I think will be a fascinating discussion tomorrow in Ojai on the subject of income inequality [youtube https://www.youtube.com/watch?v=TMwTLn42-jk%5D Thanks for listening — event info below the fold.
According to economic experts, for the first time in at least a hundred years, quite possibly ever, the American middle-class is losing ground. It's not just that the richer are getting richer, it's also "wage stagnation." Meaning that young people today cannot expect to surpass their parents, as young generations in the past could —Continue reading “Income inequality: Shocking facts, visualized”
This is a really good visualization of the theory of income inequality, as expounded in Thomas Piketty's best-selling book Capital in the 21st Century. But you don't have to read the book to get it! All you have to do is watch the infographic. From — of all places! — the Wall Street Journal.
From a story in the LATimes business section about income inequality: California's low-wage workers are older and more educated than they were three decades ago — but they earn less, according to new research from UC Berkeley. The study, released Thursday, documented the extensive growth of income inequality in California since the late 1970s. TheContinue reading “Study: The “hollowing out” of the middle-class in CA”
Take a glance at this depiction of the raging income inequality debate. It's refreshing, because on this subject there have been approximately 573 stories, studies, and graphs, graphs, graphs posted in the past 48 hours or so in the press, and this is about the only one that's been humorous. It's incredible, the volume of this debate, and its implications, inContinue reading “An inequality graphic that’s not a chart but a cartoon”