Archive for the ‘Inequality’ Category

2013 poverty and income results: Rising tide lifts a few boats, but the levee needs work.

September 16th, 2014

They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights. –The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8%… Read more

What we would do if we wanted to reduce America’s excessive share repurchasing problem.

September 11th, 2014

You’ve hopefully heard about, if not read, this revealing analysis by William Lazonick on the sharp rise in public corporations using their profits to boost their share price through stock buybacks as opposed to re-investment. I won’t summarize the findings, as Harold Meyerson amply does so here. As he writes: From the end of World… Read more

A Simple Picture of Inequality

September 4th, 2014

The Federal Reserve’s Survey of Consumer Finance (SCF) findings for 2013 are just out. It will take a bit to absorb them all—this is a rich data set with data not just on income, but on wealth as well, including debt. That makes it a key source for information on household net worth. But I… Read more

Keep those Talons In, Fed Hawks!

August 7th, 2014

As the job market tightens, we may well see some increases in the pace of wage growth. I, and more importantly, millions of working people, certainly hope so. But predictably, pressure is building on the Federal Reserve to stomp out any such thing sooner than later, based on the fear that wage pressures will set off higher and… Read more