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, ...
Or if that's too ambitious a goal then how about how to reduce inequality in America? Now, I have to admit, that inequality really isn't one of those things that I worry about very much. Poverty is, ...
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 ...
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 ...
Nor can any health care system solve such inequalities anywhere. But that's not stopped the Health Committee of the Scottish Parliament from haring off after entirely the wrong idea in trying to work ...
Did you file on time? A tax professional friend of mine told me recently that he’s surprised every year to see how many people leave their tax filing to the last minute. Maybe they’re too busy. Maybe ...
Earnings inequality in America has increased since 1979 — that much we know. But why and what to do about it is murky — in part because we’re not all talking about the same group of people when we ...
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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