Income Inequality

Are Economic Elites Awaking to the Need to Do Something About Inequality?

The first in an occasional series on reducing inequality

Are American opinion leaders and policymakers finally ready for a serious effort to reduce economic inequality and rebuild opportunity in America?

In a series of blog posts, we will point to growing evidence that they might be, thanks to a powerful mix of unrelenting data on economic polarizations and worker campaigns demanding a change. Better late than never.

In this first entry, I want to set up the series with some context.

California Conservative Proposes $12 Per Hour Minimum Wage

Last week, The New York Times reported that Ron Unz, a conservative Silicon Valley millionaire and past Editor of The American Conservative, favors increasing California's minimum wage to $12 per hour.

The arguments he is making explain why a much higher minimum wage strengthens the economy and benefits taxpayers, and progressives should capitalize on his support to amplify these arguments in their own advocacy.

Just the Stories ... Debating the Commonwealth Foundation on Minimum Wage

"Just the Facts" is a catchphrase the Keystone Research Center and other progressive economic think tanks use to capture our commitment to grounding advocacy for progressive values and policies in solid data and research.

Death of an Adjunct

Appearing last week on a radio program in Pittsburgh with labor historian Charles McCollester, I heard for the first time the story of Margaret Mary Vojtko, a 25-year adjunct faculty member at Duquesne University who died recently in poverty at the age of 83.

High Road Restaurant Owners Speak Out for Higher Minimum Wage

A few weeks ago, we responded to criticism about the feasibility of a $15-per-hour wage for fast food workers. In that post, we highlighted two "high road" employers, one a fast-food chain, as living examples of the feasibility — and profitability — of paying workers better.

Latest Income Numbers in Historical Perspective

The Gilded AgeColin Gordon of the Iowa Policy Project has taken recently-released 2012 figures on the incomes of the top 1% and the rest of us and put the new information in historical perspective. Using national figures, he makes three points.

A Recovery for Some But Not All

As Mark Price noted yesterday, there has been a shocking rise in income inequality since 2009.

Just How Much Will a Fast Food Wage Increase Cost?

Big MacIn The State of Working Pennsylvania 2013, we said that substantially raising the wages of fast food workers — to roughly $15 per hour — could put Pennsylvania and the nation back on the path to shared prosperity. Capitolwire suggested in an August 29 Under the Dome brief (subscription required) that people would end up paying “a lot more” for their Big Macs and eating out at other restaurants. Yes, it would cost a bit more initially but not nearly as much as Capitolwire suggested. And it could lower costs in the long run. Let me explain.

How Much Should You Be Making?

The Economic Policy Institute took the Labor Day weekend to remind us that American workers should be paid more than they are.

EPI has a handy online tool — based on their project inequality.is — that shows how much you would be making if wages had kept pace with productivity, a key indicator of an economy working for all.

Elise Gould explains at the EPI blog, Working Economics:

I Have a Dream ... That President Obama Will Say "The President Wants You to Join a Union"

President Obama will speak from the Lincoln Memorial at 3 p.m. today, the 50th Anniversary of Martin Luther King Jr.'s "I Have a Dream" speech.

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