I often start the first-year managerial economics classes I teach by showing a graph to my MBA students (see below). It shows that in 1951, middle-income Indians (from the middle 40 th percentile, ...
Income inequality has been a dominant topic of debate in recent months and will likely influence the coming presidential race. A common argument advanced by fans of inequality economist Thomas Piketty ...
The biggest story in the United States economy, beyond its general crappiness, is the extreme inequality that has developed over the past three decades. The top 1% of the country is now taking home a ...
In this week’s episode, Professor Richard Wolff discusses how Marx’s class analysis presents a solution to today’s inequality and the challenges to overcoming it we have faced throughout history. In ...
Tight labor markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income inequality could give an epidemic disease a try. This might ...
The themes of economic mobility and rising inequality will likely serve as the centerpiece of President Barack Obama’s State of the Union address next week. In the months leading up to the speech the ...
Editor’s Note: Errol Louis is the host of “Inside City Hall,” a nightly political show on NY1, a New York all-news channel. Less than a month into his new job, New York City Mayor Bill de Blasio is on ...
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