In New York City, the average income and the average rent seem to have both just flown in from very different planets. They have no idea how to communicate with one another.
Being an adjunct professor at a college may be the job with the single biggest discrepancy between the (high) education level required to hold it and the (astoundingly low) level of pay. How long until this system blows up?
American colleges and universities are constantly working to diversify their student bodies (or at least appear to diversify on the cover of brochures). A new study finds that we have failed to do much at all to get poor people college educations, though.
The idea of a universal basic income for all citizens has been catching on all over the world. Is it too crazy to believe in? We spoke to the author of a new book on the ins, outs, and utopian dreams of making basic income a reality.
Kids who grow up poor have a better chance of one day not being poor if they grow up neighborhoods where everyone isn’t poor. But in some cities, affordable housing crises are making that impossible. It’s a quandary.
A new study finds that historically black colleges are charged more money to issue bonds than white schools, even if they are equally strong financially.
Without meaning to, the CEO of a restaurant corporation that is busily trying to automate employees out of existence is becoming one of the best spokesmen for the idea of providing all Americans with a universal basic income.
In San Francisco and Silicon Valley, housing is expensive and in short supply. All throughout the Bay Area, cities are discussing where the hell all their schoolteachers are supposed to live.
As inequality has grown around the world, an extremely simple idea—to give everyone some money—has become more and more compelling. Crazy? On the contrary!
A new study shows that the way that CEOs of large corporations are paid is a thoroughly corrupt, disgusting, despicable process more akin to the Mafia than to a well-run business. I’m paraphrasing.
Hamilton Nolan · 03/07/16 05:37PM
Canada’s relatively radical fight against economic inequality is hobbled by “the government’s insistence that the chief beneficiary of that fight will be the middle class — as opposed to the poor... living up to it appears to have produced policy designs that wouldn’t otherwise make much sense.”
Last week, the drivers who shuttle San Francisco Google employees to work voted to unionize with the Teamsters. How long until their passengers do the same thing?
Hamilton Nolan · 03/04/16 05:31PM
The majority of black and Hispanic families have no retirement savings at all; among those who do, their median savings are just $22,000, versus $73,000 for the median white family with savings. The racial wealth gap lasts until you’re dead.
When someone like Bernie Sanders rails against a “rigged” economy that is fueling inequality, some believe that he is espousing a radical view. Nothing could be further from the truth. Even the White House knows the economy is rigged.
If you look very closely at America, you can see the poor physically growing apart from the rich, like a polar bear drifting out to sea on a broken chunk of ice.
A human who has been molded into a tool used to distract the working class from its state of economic penury yesterday publicly flaunted a tangible symbol of grotesque inequality in a manner that demonstrated a complete lack of fear of looming class war.
The economy, both at home and abroad, needs stimulating. Governments have been trying to do this since the 2008 recession, without full success. Is it time to just... give everyone some money?
One of the most persistent and least useful arguments of this presidential campaign season is taking place among Democrats who (mostly) talk past one another about how economic inequality and racial inequality are or are not linked. Does someone have a good proposal? Let’s hear it.