The gap between the rich and the rest of us continues to grow. But just as American wages have stagnated, so too has the public’s interest in combating income inequality.
The financial stability of America’s working families is increasingly divided by race and ethnicity, says a study released this week by The Working Poor Families Project.
“In 2013, working families headed by racial/ethnic minorities were twice as likely to be poor or low-income (47 percent) compared with non-Hispanic whites (23 percent),” the study states, “a gap that has increased since the onset of the Great Recession in 2007.”
Two weeks ago, General Motors announced it would be offering workers record bonuses despite an exceptionally rough fiscal year, with 30 million vehicle recalls and $3 billion in compensation to accident victims.
A new report has compiled the "100 most overpaid CEOs" in the S&P 500 and "examines the forces behind the trend of ever-increasing CEO pay."
The report was released late last week by the corporate responsibility nonprofit As You Sow.
It states that "CEO pay grew an astounding 937% over the past 35 years" and that "the explosion in executive compensation greatly outpaces growth in the stock market and economic productivity."
Jonathan Chait unpacks another incredible claim made by Catholic Republican Paul Ryan that "the Obamanomics that we're practicing now have exacerbated inequality."
A Capuchin friar is trying to bring the issue of wage disparity to some of the richest people in the country by submitting shareholder resolutions citing companies' own reports.
Commentary: You might think with Pope Francis making economic justice a centerpiece of his papacy that U.S. bishops would address extreme income inequality. Not so much.
Commentary: Because work is so essential for the well-being of society, the dignity of work must be protected and the basic rights of workers respected.
There is no magic pill for the political polarization gripping the country – no perfect candidate, no bipartisan commission. The problem has roots far below the surface of politics.
We say: Yes, the rich are growing richer, but the concentration of wealth is more extreme than most imagine. This is sparking a new look at poverty.