The Pew report Views of Nation’s Economy Remain Positive, Sharply Divided by Partisanship (2/7/2020) provides the answer: Currently, 81% of Republicans and Republican-leaning independents say the economy is excellent or good. These views have changed only modestly over the past two years. But between November 2016 (just before Trump’s victory …Read More »
What are American’s view on economic inequality?
The PEW article Most Americans Say There Is Too Much Economic Inequality in the U.S., but Fewer Than Half Call it a Top Priority by Juliana Menasce Horowitz, Ruth Igielnik, and Rakesh Kochhar (1/9/2020) is a thorough review of income and wealth inequality, as well as American’s views of inequality. …Read More »
What are EPI’s top charts of 2019?
To find the top charts of 2019 according to EPI see their Top charts of 2019 post. The graph here is #5 on their list. The figure shows that the real value of the federal minimum wage has dropped 17% since 2009 and 31% since 1968. A full-time worker earning …Read More »
What has improved (and not) between rich and poor countries?
The St. Louis Fed post, Healthier Countries, if Not Wealthier Countries by Guillaume Vandenbroucke (12/26/2019) notes The income gap between rich and poor countries doesn’t seem to be closing. In fact, it seems to be getting wider. However, the gaps between these groups of countries when it comes to health …Read More »
Who are the low-wage workers?
The Brookings report Meet the low-wage workforce by Martha Ross and Nicole Bateman (11/7/19) provides demographics of the low-work force by category. The nine categories they use are represented in their chart copied here. For example, cluster 1 are ages 18-24 are not in school and don’t have a college …Read More »
How has income changed in the U.S.?
From the Census Bureau report New Data Show Income Increased in 14 State and 10 of the Largest Metros by Gloria Guzman (9/26/19) Median household income for the United States and 14 states increased significantly in 2018 from the previous year, according to U.S. Census Bureau data released today. But, …Read More »
What is in the Income and Poverty 2018 report?
The U.S. Census Bureau report Income and Poverty in the United States: 2018 by Jessica Semega, Melissa Kollar, John Creamer, and Abinash Mohanty (9/10/19) is now available. A few highlights can be found in the post Pay is Up. Poverty is Down. How Women are Making Strides by Jessica Semega …Read More »
How different is weekly pay of women and men by race?
The BLS report, Highlights of women’s earning in 2017 has four charts with data about women’s earnings and occupation. The chart copied her compares men and women by race. Asian women and men earned more than their White, Black, and Hispanic counterparts in 2017. Among women, Whites ($795) earned 88 …Read More »
How is wealth accumulated?
The Census Bureau note, Many U.S. Households Do Not Have Biggest Contributors to Wealth: Home Equity and Retirement Accounts by Jonathan Eggleston and Donald Hays (8/27/19), highlights gaps in wealth by household type. Wealth inequality between homeowners and renters is striking: Homeowners’ median net worth is 80 times larger than …Read More »
How are CEOs doing?
The EPI article, CEO compensation has grown 940% since 1978 by Lawrence Mishel and Julia Wolfe (8/14/2019), summarizes CEO compensation. Selected Key findings: Using the stock-options-realized measure, we find that the average compensation for CEOs of the 350 largest U.S. firms was $17.2 million in 2018. Compensation dipped 0.5% in …Read More »