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INCOME INEQUALITY
REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.WEALTH INEQUALITY
The most visible indicator of wealth inequality in America today may be the Forbes magazine list of the nation’s 400 richest. In 2018, the three men at the top of that list — Amazon founder Jeff Bezos, Microsoft founder Bill Gates, and investor Warren Buffett — held combined fortunes worth more than the total wealth of the poorest halfof Americans.
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from THERE’S NO LABOR SHORTAGE. PAY WORKERS WHAT THEY DESERVE A new report from the Institute for Policy Studies found that among the 100 S&P 500 firms with the lowest median worker wages, 51 rigged the rules in 2020 to award CEOs large bonuses while their low-wage employees suffered. Average CEO pay skyrocketed 29 percent to over $15 million, while average employee salaries fell to barely $28,000. It’s been well over a decade since Congress raised BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra HOW THE CEO-WORKER PAY GAP DEEPENS INCOME These gaps rapidly expanded in the 1990s, as wages stagnated for most workers and stock-based executive pay exploded. During the 21 st century, the annual gap between CEO pay and typical worker pay has averaged about 350 to 1. This growing pay divide has been a significant driver of gender and racial disparities. INEQUALITY AND COVID-19INCOME INEQUALITY
REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions.WEALTH INEQUALITY
The most visible indicator of wealth inequality in America today may be the Forbes magazine list of the nation’s 400 richest. In 2018, the three men at the top of that list — Amazon founder Jeff Bezos, Microsoft founder Bill Gates, and investor Warren Buffett — held combined fortunes worth more than the total wealth of the poorest halfof Americans.
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from THERE’S NO LABOR SHORTAGE. PAY WORKERS WHAT THEY DESERVE A new report from the Institute for Policy Studies found that among the 100 S&P 500 firms with the lowest median worker wages, 51 rigged the rules in 2020 to award CEOs large bonuses while their low-wage employees suffered. Average CEO pay skyrocketed 29 percent to over $15 million, while average employee salaries fell to barely $28,000. It’s been well over a decade since Congress raised BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra HOW THE CEO-WORKER PAY GAP DEEPENS INCOME These gaps rapidly expanded in the 1990s, as wages stagnated for most workers and stock-based executive pay exploded. During the 21 st century, the annual gap between CEO pay and typical worker pay has averaged about 350 to 1. This growing pay divide has been a significant driver of gender and racial disparities.INEQUALITY.ORG
Inequality.org. is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it. REPORTS - INEQUALITY.ORG Authors: Chuck Collins, Omar Ocampo, Frank Clemente, Arianna Fano, and Will Rice. Date Published: February 2021. Description: On the eve of the 2021 Super Bowl, and after 10-plus months of the pandemic, 64 billionaire owners of major league sports franchises—including the AFC champion Kansas City Chiefs’ Hunt family and the NFC champion Tampa Bay Buccaneers’ Glazer family—haveINCOME INEQUALITY
Income Inequality. Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling something for more than you paid for it. Unlike wealth statistics, income figures do not include thevalue of
INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme. THE SIMPLE FIX OUR TAX CODE SO URGENTLY NEEDS: SUNSHINE 1 day ago · America’s super rich are seeing red over ProPublica’s bombshell release of data from their tax returns — and so are America’s tax collectors. Treasury Department officials have already referred this “illegal” and “unauthorized disclosure of confidential government information” to the FBI. Merrick Garland, the U.S. attorney general, has pledged to lawmakersthat finding the
EIGHT WAYS TO REDUCE GLOBAL INEQUALITY Below we offer eight ways to move the world forward in reducing global inequality. 1. Stop Illicit Outflows. In developing countries, inadequate resourcing for health, education, sanitation, and investment in the poorest citizens drives extreme inequality. One reason is tax avoidance and other illicit outflows of cash. WHO ARE THE 10 BIGGEST PANDEMIC PROFITEERS? Topping the list are Elon Musk ($137.5 billion richer, 559 percent), Jeff Bezos ($65 billion, 58 percent) and Mark Zuckerberg ($47 billion, 86 percent). Get the updates. Billionaire wealth & pandemic profiteers. The 10 biggest “Pandemic Profiteers” saw the greatest percentage increase in their wealth—at least 300 percent. THE TOP 10 FILMS ABOUT INEQUALITY The Great Gatsby (2013) Directed by Baz Luhrmann, featuring Leonardo DiCaprio. The economic inequality that figures so centrally in F. Scott Fitzgerald’s classic novel has inspired contemporary scholars to coin the phrase “Great Gatsby curve” to describe the relationship between inequality and intergenerational socialimmobility.
HOW THE CEO-WORKER PAY GAP DEEPENS INCOME AND WEALTH These gaps rapidly expanded in the 1990s, as wages stagnated for most workers and stock-based executive pay exploded. During the 21 st century, the annual gap between CEO pay and typical worker pay has averaged about 350 to 1. This growing pay divide has been a significant driver of gender and racial disparities. TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
INEQUALITY.ORGTOPICSRESEARCH & COMMENTARYFACTSRESOURCESOURWORKCOVID-19
Inequality.org. is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it. INEQUALITY AND COVID-19GLOBAL INEQUALITY
INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.WEALTH INEQUALITY
The most visible indicator of wealth inequality in America today may be the Forbes magazine list of the nation’s 400 richest. In 2018, the three men at the top of that list — Amazon founder Jeff Bezos, Microsoft founder Bill Gates, and investor Warren Buffett — held combined fortunes worth more than the total wealth of the poorest halfof Americans.
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 ofTHE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from WOMEN AND THE RACIAL WEALTH DIVIDE There is a greater gender wealth inequality when looking across individual racial lines. Per the 2015 Asset Funders Network report, the median wealth of White single women was $15,640. Yet, the median wealth for single Black women and Latina women was $200 and $100 respectively, about one cent for every dollar of White women’swealth.
BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra INEQUALITY.ORGTOPICSRESEARCH & COMMENTARYFACTSRESOURCESOURWORKCOVID-19
Inequality.org. is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it. INEQUALITY AND COVID-19GLOBAL INEQUALITY
INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.WEALTH INEQUALITY
The most visible indicator of wealth inequality in America today may be the Forbes magazine list of the nation’s 400 richest. In 2018, the three men at the top of that list — Amazon founder Jeff Bezos, Microsoft founder Bill Gates, and investor Warren Buffett — held combined fortunes worth more than the total wealth of the poorest halfof Americans.
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 ofTHE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from WOMEN AND THE RACIAL WEALTH DIVIDE There is a greater gender wealth inequality when looking across individual racial lines. Per the 2015 Asset Funders Network report, the median wealth of White single women was $15,640. Yet, the median wealth for single Black women and Latina women was $200 and $100 respectively, about one cent for every dollar of White women’swealth.
BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extraINEQUALITY.ORG
Inequality.org. is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it. INEQUALITIES ARE SHAPING HOW WE’RE FIGHTING THE PANDEMIC The first wave of the 1918-19 influenza pandemic did not have much impact in India; it was the second wave that was the most devastating. It is now thought that 12 million people died in India during the flu pandemic, the equivalent of 4 percent of the population at that time. Most of these deaths were concentrated in a few short months from September to December 1918.GLOBAL INEQUALITY
Global Income Inequality. Since 1980, the World Inequality Report data shows that the share of national income going to the richest 1 percent has increased rapidly in North America (defined here as the United States and Canada), China, India, and Russia and more moderately inEurope.
WALL STREET'S $3 BILLION POLITICAL INVESTMENT IS A BARGAIN 12 hours ago · Wall Street has been making huge investments — not in businesses or stocks, but in the American political process. At nearly $3 billion, the financial sector spent record sums on campaign contributions and lobbying during the 2019-2020 election cycle. INEQUALITY AND COVID-19 IN 13 CHARTS September 24, 2020. by Sarah Anderson Brian Wakamo. The United States has just surpassed 200,000 Covid-19 deaths — about the number who perished in the bombings of Hiroshima and Nagasaki and more than the American lives lost in the Vietnam War, 9/11, and Word War I combined. As many grieved this grim milestone, President Trump told a campaign EIGHT WAYS TO REDUCE GLOBAL INEQUALITY Below we offer eight ways to move the world forward in reducing global inequality. 1. Stop Illicit Outflows. In developing countries, inadequate resourcing for health, education, sanitation, and investment in the poorest citizens drives extreme inequality. One reason is tax avoidance and other illicit outflows of cash. AS GLOBAL INEQUALITY RISES, SO ARE THE MOVEMENTS FIGHTING IT The research found the three biggest struggles where inequality movements are most active are natural resources, elite capture and corruption, and women’s rights and feminist agendas. The fight for access to and control over natural resources, including land, reflects underlying dynamics of political and economic power in countries —for
WHO ARE THE 10 BIGGEST PANDEMIC PROFITEERS? Topping the list are Elon Musk ($137.5 billion richer, 559 percent), Jeff Bezos ($65 billion, 58 percent) and Mark Zuckerberg ($47 billion, 86 percent). Get the updates. Billionaire wealth & pandemic profiteers. The 10 biggest “Pandemic Profiteers” saw the greatest percentage increase in their wealth—at least 300 percent.INEQUALITY.ORG
MUST READS: This week on Inequality.org Jen Moore and Ellen Moore, In Guatemala, Harris Should Address U.S. Policies That Put Corporations Over People.As the Vice President seeks to remedy root causes of migration, she should vow to dismantle neoliberal rules that have been devastating for rural and Indigenous peoples. HOW THE CEO-WORKER PAY GAP DEEPENS INCOME These gaps rapidly expanded in the 1990s, as wages stagnated for most workers and stock-based executive pay exploded. During the 21 st century, the annual gap between CEO pay and typical worker pay has averaged about 350 to 1. This growing pay divide has been a significant driver of gender and racial disparities. INEQUALITY AND COVID-19 REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase. INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of AFTER YEARS OF UNDERFUNDING, PUBLIC SCHOOL TEACHERS ARE “After 9/11, New York City police and firefighters were hailed as heroes,” said Mary Parr-Sanchez, president of the New Mexico affiliate of the National Education Association, when I spoke with her about how educators have responded to the pandemic in her state. “After this, I hope teachers will be viewed as the community pillars that they really are,” she said. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITY AND COVID-19 REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase. INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of AFTER YEARS OF UNDERFUNDING, PUBLIC SCHOOL TEACHERS ARE “After 9/11, New York City police and firefighters were hailed as heroes,” said Mary Parr-Sanchez, president of the New Mexico affiliate of the National Education Association, when I spoke with her about how educators have responded to the pandemic in her state. “After this, I hope teachers will be viewed as the community pillars that they really are,” she said. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITY AND COVID-19 IN 13 CHARTS September 24, 2020. by Sarah Anderson Brian Wakamo. The United States has just surpassed 200,000 Covid-19 deaths — about the number who perished in the bombings of Hiroshima and Nagasaki and more than the American lives lost in the Vietnam War, 9/11, and Word War I combined. As many grieved this grim milestone, President Trump told a campaign INEQUALITIES ARE SHAPING HOW WE’RE FIGHTING THE PANDEMIC The first wave of the 1918-19 influenza pandemic did not have much impact in India; it was the second wave that was the most devastating. It is now thought that 12 million people died in India during the flu pandemic, the equivalent of 4 percent of the population at that time. Most of these deaths were concentrated in a few short months from September to December 1918. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra GENDER ECONOMIC INEQUALITY Gender Wealth Gaps. Most inequality analysis focuses on income (the wages earned from a job or from capital gains) rather than wealth (the sum of one’s assets minus debts). Income inequality, while stark, pales in comparison to wealth inequality. The divides become even more dramatic when viewed through a YOU CAN THANK DONALD TRUMP IF YOU’RE FEELING POORER TODAY 1 day ago · Trump pursued the crazy idea that being poorly educated was a social good in everything from refusing congressionally ordered relief to student loan borrowers to denigrating higher education anddenying science.
POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from U.S. MINING CORPORATION SUES GUATEMALA, CLAIMING A Nevada-based mining company is suing the Guatemalan government in an international tribunal for over $400 million, claiming violations of investor protections in the U.S. Free Trade Agreement with Central America and the Dominican Republic (CAFTA-DR). Kappes, Cassiday & TAX FOUNDATION SOUNDS THE ALARM The Tax Foundation, a Washington, D.C. think tank founded in 1937 by business executives to “monitor the tax and spending policies of government agencies,” is once again ringing the alarm bell about tax proposals that impact only the wealthiest among us. President Biden’s tax proposals, the TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
INEQUALITY.ORG
MUST READS: This week on Inequality.org Jen Moore and Ellen Moore, In Guatemala, Harris Should Address U.S. Policies That Put Corporations Over People.As the Vice President seeks to remedy root causes of migration, she should vow to dismantle neoliberal rules that have been devastating for rural and Indigenous peoples. INEQUALITY AND COVID-19 REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase. INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of AFTER YEARS OF UNDERFUNDING, PUBLIC SCHOOL TEACHERS ARE “After 9/11, New York City police and firefighters were hailed as heroes,” said Mary Parr-Sanchez, president of the New Mexico affiliate of the National Education Association, when I spoke with her about how educators have responded to the pandemic in her state. “After this, I hope teachers will be viewed as the community pillars that they really are,” she said. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITY AND COVID-19 REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase. INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of AFTER YEARS OF UNDERFUNDING, PUBLIC SCHOOL TEACHERS ARE “After 9/11, New York City police and firefighters were hailed as heroes,” said Mary Parr-Sanchez, president of the New Mexico affiliate of the National Education Association, when I spoke with her about how educators have responded to the pandemic in her state. “After this, I hope teachers will be viewed as the community pillars that they really are,” she said. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITIES ARE SHAPING HOW WE’RE FIGHTING THE PANDEMIC The first wave of the 1918-19 influenza pandemic did not have much impact in India; it was the second wave that was the most devastating. It is now thought that 12 million people died in India during the flu pandemic, the equivalent of 4 percent of the population at that time. Most of these deaths were concentrated in a few short months from September to December 1918. INEQUALITY AND COVID-19 IN 13 CHARTS September 24, 2020. by Sarah Anderson Brian Wakamo. The United States has just surpassed 200,000 Covid-19 deaths — about the number who perished in the bombings of Hiroshima and Nagasaki and more than the American lives lost in the Vietnam War, 9/11, and Word War I combined. As many grieved this grim milestone, President Trump told a campaign BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra GENDER ECONOMIC INEQUALITY Gender Wealth Gaps. Most inequality analysis focuses on income (the wages earned from a job or from capital gains) rather than wealth (the sum of one’s assets minus debts). Income inequality, while stark, pales in comparison to wealth inequality. The divides become even more dramatic when viewed through a YOU CAN THANK DONALD TRUMP IF YOU’RE FEELING POORER TODAY 23 hours ago · Trump pursued the crazy idea that being poorly educated was a social good in everything from refusing congressionally ordered relief to student loan borrowers to denigrating higher education and denying science. POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from U.S. MINING CORPORATION SUES GUATEMALA, CLAIMING A Nevada-based mining company is suing the Guatemalan government in an international tribunal for over $400 million, claiming violations of investor protections in the U.S. Free Trade Agreement with Central America and the Dominican Republic (CAFTA-DR). Kappes, Cassiday & TAX FOUNDATION SOUNDS THE ALARM The Tax Foundation, a Washington, D.C. think tank founded in 1937 by business executives to “monitor the tax and spending policies of government agencies,” is once again ringing the alarm bell about tax proposals that impact only the wealthiest among us. President Biden’s tax proposals, the TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
INEQUALITY.ORG
MUST READS: This week on Inequality.org Jen Moore and Ellen Moore, In Guatemala, Harris Should Address U.S. Policies That Put Corporations Over People.As the Vice President seeks to remedy root causes of migration, she should vow to dismantle neoliberal rules that have been devastating for rural and Indigenous peoples. INEQUALITY AND COVID-19 REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase. INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of AFTER YEARS OF UNDERFUNDING, PUBLIC SCHOOL TEACHERS ARE “After 9/11, New York City police and firefighters were hailed as heroes,” said Mary Parr-Sanchez, president of the New Mexico affiliate of the National Education Association, when I spoke with her about how educators have responded to the pandemic in her state. “After this, I hope teachers will be viewed as the community pillars that they really are,” she said. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITY AND COVID-19 REPORTS - INEQUALITY.ORG Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase. INEQUALITY IN AMERICA: FAR BEYOND EXTREME The 290 million or so unlucky souls who make up the so-called bottom 90 percent, meanwhile, saw just 13 percent of the nation’s wealth gains between 2006 and 2018, not much over half of what went to the top .01 percent. Our bottom 50 percent actually lost wealth over that 2006-2018 period. Some may call this level of inequality extreme.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of AFTER YEARS OF UNDERFUNDING, PUBLIC SCHOOL TEACHERS ARE “After 9/11, New York City police and firefighters were hailed as heroes,” said Mary Parr-Sanchez, president of the New Mexico affiliate of the National Education Association, when I spoke with her about how educators have responded to the pandemic in her state. “After this, I hope teachers will be viewed as the community pillars that they really are,” she said. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITIES ARE SHAPING HOW WE’RE FIGHTING THE PANDEMIC 1 day ago · The first wave of the 1918-19 influenza pandemic did not have much impact in India; it was the second wave that was the most devastating. It is now thought that 12 million people died in India during the flu pandemic, the equivalent of 4 percent of the population at that time. Most of these deaths were concentrated in a few short months from September to December 1918. INEQUALITY AND COVID-19 IN 13 CHARTS September 24, 2020. by Sarah Anderson Brian Wakamo. The United States has just surpassed 200,000 Covid-19 deaths — about the number who perished in the bombings of Hiroshima and Nagasaki and more than the American lives lost in the Vietnam War, 9/11, and Word War I combined. As many grieved this grim milestone, President Trump told a campaign YOU CAN THANK DONALD TRUMP IF YOU’RE FEELING POORER TODAY 14 hours ago · Remember Donald Trump bragging about what a fabulous job he did raising the incomes of what he called “America’s Forgotten Men and Women”? Chalk that up as yet another Trump con job. Most of the 160 million taxpaying American households BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra GENDER ECONOMIC INEQUALITY Gender Wealth Gaps. Most inequality analysis focuses on income (the wages earned from a job or from capital gains) rather than wealth (the sum of one’s assets minus debts). Income inequality, while stark, pales in comparison to wealth inequality. The divides become even more dramatic when viewed through a POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A Amidst partisan haggling over President Biden’s infrastructure proposal, the Poor People’s Campaign joined progressive House members on Capitol Hill on Thursday to lay out a comprehensive moral vision for the nation. “It’s unforgiveable that 250,000 people die every year in this country from U.S. MINING CORPORATION SUES GUATEMALA, CLAIMING 1 day ago · A Nevada-based mining company is suing the Guatemalan government in an international tribunal for over $400 million, claiming violations of investor protections in the U.S. Free Trade Agreement with Central America and the Dominican Republic (CAFTA-DR).Kappes, Cassiday &
TAX FOUNDATION SOUNDS THE ALARM The Tax Foundation, a Washington, D.C. think tank founded in 1937 by business executives to “monitor the tax and spending policies of government agencies,” is once again ringing the alarm bell about tax proposals that impact only the wealthiest among us. President Biden’s tax proposals, the TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
INEQUALITY.ORG
MUST READS: This week on Inequality.org Jen Moore and Ellen Moore, In Guatemala, Harris Should Address U.S. Policies That Put Corporations Over People.As the Vice President seeks to remedy root causes of migration, she should vow to dismantle neoliberal rules that have been devastating for rural and Indigenous peoples. REPORTS - INEQUALITY.ORGGENDER INEQUALITY STATISTICSGENDER ECONOMIC INEQUALITY IN AMERICAGENDER INEQUALITY IN AMERICA TODAYGENDER INEQUALITY ISSUES IN AMERICAGENDER INEQUALITY IN TODAY S SOCIETY Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
WOMEN AND THE RACIAL WEALTH DIVIDE There is a greater gender wealth inequality when looking across individual racial lines. Per the 2015 Asset Funders Network report, the median wealth of White single women was $15,640. Yet, the median wealth for single Black women and Latina women was $200 and $100 respectively, about one cent for every dollar of White women’swealth.
REPORT: THE ROAD TO ZERO WEALTH The Road to Zero Wealth. The report calls on the Trump administration and Congress to consider a range of policy options to help close the racial wealth divide. They include: Changing our tax code to stop subsidizing those who are already wealthy and start investing in opportunities for low-wealth families to build wealth. WHAT HAPPENS WHEN WALL STREET BECOMES YOUR LANDLORD? Rivera’s landlord is Colony Starwood Homes, a rental giant backed by Wall Street investment firms. When he first told the company about his leaky pipe, they cleaned the carpet, but left the sewage issue alone. When the pipe leaked again, Rivera filed another complaint — and five days later, he received a notice to vacate. EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. THE BIG PHARMA FAMILY THAT BROUGHT US THE OPIOID CRISIS The combined Sackler clan has become, Forbes calculates, one of America’s richest families, with a current net worth at $13 billion. In 2015, the Sacklers pulled in an estimated $700 million in income from their Big Pharma interests. Amid this enormous fortune, the heirs to the original three Brooklyn brothers have fallen out with eachother.
FINISH THIS SENTENCE: THE RICH GET RICHER Finish This Sentence: The Rich Get Richer . . . Yes, the poor have struggled mightily while our rich have become phenomenally flush. But middle-income Americans haven’t been able to jump off the treadmill either. We’ve all heard plenty of chatter over MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
REPORTS - INEQUALITY.ORGGENDER INEQUALITY STATISTICSGENDER ECONOMIC INEQUALITY IN AMERICAGENDER INEQUALITY IN AMERICA TODAYGENDER INEQUALITY ISSUES IN AMERICAGENDER INEQUALITY IN TODAY S SOCIETY Description: As the pandemic-fueled U.S. unemployment rate approaches 15 percent, America’s billionaire class is experiencing a wealth surge. Between March 18 and April 10, as the U.S. employment rate approached 15 percent, the combined wealth of America’s billionaires increased by $282 billion — nearly a 10 percent increase.THE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The racial wealth divide is greater today than it was nearly four decades ago and trends point to its continued widening. In this report, we offer ten bold solutions broken into three categories: Programs, Power, and Process. These solutions are designed to strike at the structural underpinnings holding the racial wealth divide inplace while
WOMEN AND THE RACIAL WEALTH DIVIDE There is a greater gender wealth inequality when looking across individual racial lines. Per the 2015 Asset Funders Network report, the median wealth of White single women was $15,640. Yet, the median wealth for single Black women and Latina women was $200 and $100 respectively, about one cent for every dollar of White women’swealth.
REPORT: THE ROAD TO ZERO WEALTH The Road to Zero Wealth. The report calls on the Trump administration and Congress to consider a range of policy options to help close the racial wealth divide. They include: Changing our tax code to stop subsidizing those who are already wealthy and start investing in opportunities for low-wealth families to build wealth. WHAT HAPPENS WHEN WALL STREET BECOMES YOUR LANDLORD? Rivera’s landlord is Colony Starwood Homes, a rental giant backed by Wall Street investment firms. When he first told the company about his leaky pipe, they cleaned the carpet, but left the sewage issue alone. When the pipe leaked again, Rivera filed another complaint — and five days later, he received a notice to vacate. EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES The study, Employee Ownership and Economic Well-Being, found that: Employee-owners in this dataset have 33 percent higher median income from wages overall. This holds true at all wage levels, ranging from a difference of $3,160 in annual wages for the lowest-paid employee-owners to an extra $5,000 for higher-wage workers. THE BIG PHARMA FAMILY THAT BROUGHT US THE OPIOID CRISIS The combined Sackler clan has become, Forbes calculates, one of America’s richest families, with a current net worth at $13 billion. In 2015, the Sacklers pulled in an estimated $700 million in income from their Big Pharma interests. Amid this enormous fortune, the heirs to the original three Brooklyn brothers have fallen out with eachother.
FINISH THIS SENTENCE: THE RICH GET RICHER Finish This Sentence: The Rich Get Richer . . . Yes, the poor have struggled mightily while our rich have become phenomenally flush. But middle-income Americans haven’t been able to jump off the treadmill either. We’ve all heard plenty of chatter over MILWAUKEE DECLARES RACISM A PUBLIC HEALTH By declaring such racism a public health crisis, Milwaukee County officials are committing to put racial equity at the core of all city procedures, to advocate for policies that improve health in communities of color, and to train their employees on how racism impacts residents. Finally, they hope to encourage other local, state,and national
INEQUALITIES ARE SHAPING HOW WE’RE FIGHTING THE PANDEMIC 21 hours ago · The first wave of the 1918-19 influenza pandemic did not have much impact in India; it was the second wave that was the most devastating. It is now thought that 12 million people died in India during the flu pandemic, the equivalent of 4 percent of the population at that time. Most of these deaths were concentrated in a few short months from September to December 1918. INEQUALITY AND COVID-19 Inequality and Covid-19. Pre-existing inequalities in the United States and most countries around the world made ordinary people vulnerable to the dual blows of the current public health and economic crises. Flawed policy responses to the pandemic have contributed to a further widening of long-standing economic, racial, and genderdivides.
INEQUALITY.ORG
1 day ago · MUST READS: This week on Inequality.org Jen Moore and Ellen Moore, In Guatemala, Harris Should Address U.S. Policies That Put Corporations Over People.As the Vice President seeks to remedy root causes of migration, she should vow to dismantle neoliberal rules that have been devastating for rural and Indigenous peoples. U.S. MINING CORPORATION SUES GUATEMALA, CLAIMING 23 hours ago · A Nevada-based mining company is suing the Guatemalan government in an international tribunal for over $400 million, claiming violations of investor protections in the U.S. Free Trade Agreement with Central America and the Dominican Republic (CAFTA-DR).Kappes, Cassiday &
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of TAX FOUNDATION SOUNDS THE ALARM The Tax Foundation, a Washington, D.C. think tank founded in 1937 by business executives to “monitor the tax and spending policies of government agencies,” is once again ringing the alarm bell about tax proposals that impact only the wealthiest among us. President Biden’s tax proposals, the BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra HAPPINESS AND INEQUALITY: DON'T WORRY, BE MORE EQUAL Oishi, Kesebir, and Diener went digging into the data for the “psychological mechanisms” that could “account for the link between societal income inequality and individual-level happiness.”. They feel they’ve found that link — in people’s sense of trust and fairness. Over recent decades, the General Social Survey data show U.S. STATE-LEVEL INEQUALITY: ON A STEADY RISE This gap has widened through more than 30 years of consistently rising inequality. Back in the late 1970s, the top-to-bottom ratio stood at less than eight times in every single state. Today, 15 states have gone over this eight times ratio. The states with the largest disparities: Arizona, California, Georgia, New Mexico, and New York. EMPATHY AND WEALTH: UNDERSTANDING OUR COMPASSION DEFICIT Understanding Our National Empathy Deficit. Research & Commentary. August 11, 2011. by Inequality.org. The life experiences of the wealthy, new psychological research suggests, leaves the rich less compassionate and altruistic than people of more modest means. Patriotism, as Samuel Johnson suggested long ago, may be the last refuge of scoundrels. REPORTS - INEQUALITY.ORGGENDER INEQUALITY STATISTICSGENDER ECONOMIC INEQUALITY IN AMERICAGENDER INEQUALITY IN AMERICA TODAYGENDER INEQUALITY ISSUES IN AMERICAGENDER INEQUALITY IN TODAY S SOCIETY Authors: Chuck Collins, Omar Ocampo, Frank Clemente, Arianna Fano, and Will Rice. Date Published: February 2021. Description: On the eve of the 2021 Super Bowl, and after 10-plus months of the pandemic, 64 billionaire owners of major league sports franchises—including the AFC champion Kansas City Chiefs’ Hunt family and the NFC champion Tampa Bay Buccaneers’ Glazer family—haveTHE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. WOMEN AND THE RACIAL WEALTH DIVIDE The historical legacy of the racial wealth divide when combined with gender inequality makes women of color uniquely economically insecure. The greatest socio-economic disparities for most women of color are rooted in racial inequality, which is then worsened by smaller but significant gendered disparities. TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The deep and persistent racial wealth divide will not close without bold, structural reform. It has been created and held in place by public policies that have evolved with time including slavery, Jim Crow, red lining, mass incarceration, among many others. REPORT: THE ROAD TO ZERO WEALTH Key Findings: While households of color are projected to reach majority status by 2043, if the racial wealth divide is left unaddressed, median Black household wealth is on a path to hit zero by 2053 and median Latino household wealth is projected to hit zerotwenty years later.
WHAT HAPPENS WHEN WALL STREET BECOMES YOUR LANDLORD? In the decade since the mortgage crisis, the financialization of housing rentals has ballooned. Institutional investors now own a quarter of the country’s single-family rentals, and just nine of these firms are renting out 200,000 houses in 13 states. THE BIG PHARMA FAMILY THAT BROUGHT US THE OPIOID CRISIS An update: In response to this story and similar reporting in several other media outlets, a PR firm hired by Arthur Sackler’s widow Jillian contacted us with a request to publish the statement below.Those interested in a deeper look at the roots of the opioid crisis should be sure to read the stunning piece on this tragedy’s backstory that appeared last fall in the New Yorker magazine MILWAUKEE DECLARES RACISM A PUBLIC HEALTH Even now, the typical black household in Milwaukee earns less than half the typical white household.And “while the white poverty rate in Milwaukee of 7.6 percent is one of the lowest in the country,” the report notes, “the black poverty rate of 36.4 percent is amongthe highest.”
FINISH THIS SENTENCE: THE RICH GET RICHER Yes, the poor have struggled while our rich have become phenomenally flush. But middle-income Americans, the new Pulling Apart shows,stillstagnate, too.
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES ESOPs are the most important of these tools — and the most effective. In a recent study, my colleague Nancy Wiefek of the nonprofit National Center for Employee Ownership analyzed data from the Bureau of Labor Statistics’ National Longitudinal Survey of millennials. The data shows that participants in Employee Stock Ownership Plan fared strikingly better compared to other youngworkers.
REPORTS - INEQUALITY.ORGGENDER INEQUALITY STATISTICSGENDER ECONOMIC INEQUALITY IN AMERICAGENDER INEQUALITY IN AMERICA TODAYGENDER INEQUALITY ISSUES IN AMERICAGENDER INEQUALITY IN TODAY S SOCIETY Authors: Chuck Collins, Omar Ocampo, Frank Clemente, Arianna Fano, and Will Rice. Date Published: February 2021. Description: On the eve of the 2021 Super Bowl, and after 10-plus months of the pandemic, 64 billionaire owners of major league sports franchises—including the AFC champion Kansas City Chiefs’ Hunt family and the NFC champion Tampa Bay Buccaneers’ Glazer family—haveTHE WEALTH HOARDERS
The Wealth Hoarders by Chuck Collins – Phoenix Books via Zoom. April 20 @ 7:00 pm – 8:30 pm (ET) Phoenix Books welcomes inequality expert and IPS Director of the Program on Inequality and the Common Good at the Institute for Policy Studies, Chuck Collins, for a virtual book discussion about his newly released “The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions. WOMEN AND THE RACIAL WEALTH DIVIDE The historical legacy of the racial wealth divide when combined with gender inequality makes women of color uniquely economically insecure. The greatest socio-economic disparities for most women of color are rooted in racial inequality, which is then worsened by smaller but significant gendered disparities. TEN SOLUTIONS TO BRIDGE THE RACIAL WEALTH DIVIDE The deep and persistent racial wealth divide will not close without bold, structural reform. It has been created and held in place by public policies that have evolved with time including slavery, Jim Crow, red lining, mass incarceration, among many others. REPORT: THE ROAD TO ZERO WEALTH Key Findings: While households of color are projected to reach majority status by 2043, if the racial wealth divide is left unaddressed, median Black household wealth is on a path to hit zero by 2053 and median Latino household wealth is projected to hit zerotwenty years later.
WHAT HAPPENS WHEN WALL STREET BECOMES YOUR LANDLORD? In the decade since the mortgage crisis, the financialization of housing rentals has ballooned. Institutional investors now own a quarter of the country’s single-family rentals, and just nine of these firms are renting out 200,000 houses in 13 states. THE BIG PHARMA FAMILY THAT BROUGHT US THE OPIOID CRISIS An update: In response to this story and similar reporting in several other media outlets, a PR firm hired by Arthur Sackler’s widow Jillian contacted us with a request to publish the statement below.Those interested in a deeper look at the roots of the opioid crisis should be sure to read the stunning piece on this tragedy’s backstory that appeared last fall in the New Yorker magazine MILWAUKEE DECLARES RACISM A PUBLIC HEALTH Even now, the typical black household in Milwaukee earns less than half the typical white household.And “while the white poverty rate in Milwaukee of 7.6 percent is one of the lowest in the country,” the report notes, “the black poverty rate of 36.4 percent is amongthe highest.”
FINISH THIS SENTENCE: THE RICH GET RICHER Yes, the poor have struggled while our rich have become phenomenally flush. But middle-income Americans, the new Pulling Apart shows,stillstagnate, too.
EMPLOYEE OWNERSHIP A WIN-WIN FOR WORKERS AND COMPANIES ESOPs are the most important of these tools — and the most effective. In a recent study, my colleague Nancy Wiefek of the nonprofit National Center for Employee Ownership analyzed data from the Bureau of Labor Statistics’ National Longitudinal Survey of millennials. The data shows that participants in Employee Stock Ownership Plan fared strikingly better compared to other youngworkers.
INEQUALITIES ARE SHAPING HOW WE’RE FIGHTING THE PANDEMIC 11 hours ago · The first wave of the 1918-19 influenza pandemic did not have much impact in India; it was the second wave that was the most devastating. It is now thought that 12 million people died in India during the flu pandemic, the equivalent of 4 percent of the population at that time. Most of these deaths were concentrated in a few short months from September to December 1918. INEQUALITY AND COVID-19 The vaccine rollout around the globe has been rife with inequality. According to research by the Agence France-Presse, high-income nations — such as the United States and members of the European Union — have been getting much more than their fair share of vaccine doses. Despite making up only 16 percent of the global population, people in high-income nations have gotten 47 percent of all LIVING EVER LARGER IN THE LAP OF LUXURY Arnault’s LVMH owns over 70 luxury brands, everything from Tiffany and Givenchy to Christian Dior. Based on first-quarter 2021 revenue figures, LVMH appears to be on pace this year to pocket over $56 billion in revenues.. A good many of those billions will be coming from that narrow slice of humanity that marketers to the super rich have dubbed “ultra high net worth individuals U.S. MINING CORPORATION SUES GUATEMALA, CLAIMING 13 hours ago · A Nevada-based mining company is suing the Guatemalan government in an international tribunal for over $400 million, claiming violations of investor protections in the U.S. Free Trade Agreement with Central America and the Dominican Republic (CAFTA-DR).Kappes, Cassiday &
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE During the pandemic, low-wage workers have lost income, jobs, and lives. And yet many of the nation’s top-tier corporations have been fixated on protecting their wealthy CEOs, even bending their own rules to pump up executive paychecks. A new Institute for Policy Studies report finds that 51 of CAN A DRIVER UPRISING MAKE FOOD APPS DELIVER? Jonán Mancilla is standing on a Manhattan street corner under the awning of a shuttered salon, handing out stickers to his fellow food delivery drivers. The sticker shows a masked bicyclist in silhouette—fist in the air, food cooler strapped to his back. It bears a Spanglish phrase the largely HAPPINESS AND INEQUALITY: DON'T WORRY, BE MORE EQUAL A landmark new study on happiness and inequality explores a rich U.S. data set to make a powerful case that equality leaves us happier. BIDEN’S RELIEF PACKAGE IS A HUGE STEP FORWARD FOR WORKERS President Joe Biden’s $1.9 trillion American Rescue Plan is more than just a response to the coronavirus. It’s also one of the largest anti-poverty measures in U.S. history.. Provisions in the package, like expanding the Child Tax Credit alone, will bring nearly 4 million kids out of poverty, cutting child poverty nearly in half.Combined with $1,400 relief payments, $300 in extra REPORT: THE ROAD TO ZERO WEALTH Key Findings: While households of color are projected to reach majority status by 2043, if the racial wealth divide is left unaddressed, median Black household wealth is on a path to hit zero by 2053 and median Latino household wealth is projected to hit zerotwenty years later.
EMPATHY AND WEALTH: UNDERSTANDING OUR COMPASSION DEFICIT The life experiences of people with wealth, new empathy research suggests, leaves the rich less altruistic than people of modest means.* Home
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INEQUALITY
UPDATES: BILLIONAIRE WEALTH, U.S. JOB LOSSES AND PANDEMIC PROFITEERSApril 15, 2021 /
by Chuck Collins
EXECUTIVE PAY
HOW CORPORATIONS PUMPED UP CEO PAY WHILE THEIR LOW-WAGE WORKERS SUFFERED IN THE PANDEMICMay 11, 2021 /
by Sarah Anderson
OUR INEQUALITY WEEKLY An indispensable guide to the latest on our unequal world. -------------------------GILDED GIVING
How the growing concentration of wealth and power is distortingphilanthropy.
------------------------- CEO-WORKER PAY GUIDE Resources to crack down on corporations that reward top executives atworker expense.
------------------------- POSTAL PRIVATIZATION How a public postal service is key to an equitable society. -------------------------More Resources
RESEARCH & COMMENTARY ------------------------- CAN A DRIVER UPRISING MAKE FOOD APPS DELIVER?June 3, 2021 /
by Luis Feliz Leon
------------------------- AMERICA CANNOT AFFORD ANOTHER LOST DECADE FOR BLACK WORKERSMay 21, 2021 /
by Tanya Wallace-Gobern ------------------------- OVER 100 YOUTH-LED GROUPS CONVENE TO ADDRESS INTERSECTIONAL CLIMATEJUSTICE
May 20, 2021 /
by Kayla Soren
------------------------- NEW RESEARCH VINDICATES SCIENTIST ATTACKED BY PORK INDUSTRY OVER ENVIRONMENTAL RACISM CHARGESMay 20, 2021 /
by Robert Alvarez
------------------------- All Research & Commentary BLOGGING OUR GREAT DIVIDE ------------------------- LIVING EVER LARGER IN THE LAP OF LUXURYJune 3, 2021 /
by Sam Pizzigati
------------------------- TAX FOUNDATION SOUNDS THE ALARM — OVER THE PLIGHT OF TOTALLYMYTHICAL TAXPAYERS
June 2, 2021 /
by Bob Lord
------------------------- TO GROW OUR ECONOMIC PIE, CUT MORE EQUAL SLICES!May 26, 2021 /
by Sam Pizzigati
------------------------- POOR PEOPLE’S CAMPAIGN AND HOUSE PROGRESSIVES CALL FOR A ‘THIRDRECONSTRUCTION’
May 21, 2021 /
by Sarah Anderson
------------------------- All Blogging Our Great DivideINEQUALITY.ORG
is your online portal to data, analysis, and commentary on income and wealth inequality. You'll find on these pages information and insights that can help you better understand our deeply unequal world — and how we can work to change it. Inequality.org comes to you as a project of the Washington, D.C.-based Institute for Policy Studies.STAY INFORMED
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-------------------------INCOME INEQUALITY
------------------------- Researchers have many different yardsticks for measuring income — and all of them show a widening gap between the rich and everyoneelse.
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WEALTH INEQUALITY
------------------------- Researchers can help us gauge how evenly societies distribute the wealth their economies generate. That distribution has grown markedly top-heavy, especially in the United States,.Learn More
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GLOBAL INEQUALITY
------------------------- A shockingly large share of the world's wealth has come to rest in the hands of a shockingly small percentage of the world’s population.Learn More
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INEQUALITY AND HEALTH ------------------------- How long and how well we live depends to a great degree, the evidence shows, on the level of economic inequality within our societies.Learn More
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RACIAL ECONOMIC INEQUALITY ------------------------- Systematic discrimination against people of color continues to help concentrate wealth at society’s economic summit at the expense of society’s least privileged.Learn More
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"WE'RE TIRED OF CEOS RAKING IN MORE AND MORE, LEAVING OUR COMMUNITIES WITH LESS AND LESS."MARIA ELENA LETONA
Neighbor to Neighbor Executive Director* __
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0%
The average real annual income increase for America's poorest 50 percent between 1978 and 2015. Top 1 percent incomes? Up 5.7 percent annually during that same span.* __
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$286M
The total earnings of Wells Fargo CEO John Stumpf, 2011-2016. The bank now faces $185 million in fines for the consumer fraud that took placeon Stumpf's watch.
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96
Number of stories in Manhattan's 432 Park Avenue luxury residential needle tower. Lowest price of a condo in the tower: $17 million.* __
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