Category: INCOME INEQUALITY

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Why work more than 15 hours a week?

Unthinkable: It was good enough for your ancestors, says anthropologist James Suzman By: Joe Humphreys Anyone feeling lockdown guilt – …

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How did Americans spend their economic impact payments?

The stimulus checks went to help people pay down debt and prepare for an uncertain financial future. The impact …

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In just three months, 6 million more Americans have fallen into poverty

The rise in poverty was triggered by a lack of new stimulus checks and the end of the $600 …

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74% of households with children that made less than $100,000 report facing serious financial problems

Juggling Financial Stress And Caregiving, Parents Are ‘Very Not OK’ In The Pandemic By: RHITU CHATTERJEE. — Back in …

A banner against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC. (Eric Baradat/Getty Images)

Economic Fallout From COVID-19 Continues To Hit Lower-Income Americans the Hardest

Half of adults who say they lost a job due to the coronavirus outbreak are still unemployed By: KIM PARKER, RACHEL …

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Opinion: It’s time the entire continent of Africa rolled out universal basic income

By: Stella Wamae. — ______________________________________________ Key stats: Africa, with a median age of 19.5, accounts for 16.72 per cent of …

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New study reveals that $2.5 trillion is being upwardly redistributed from the bottom 90% to the top 1%

The median worker should be making as much as $102,000 annually—if some $2.5 trillion wasn’t being “reverse distributed” every …

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The US is experiencing a “K-shaped” economic recovery. Here’s what that means.

What does a “K-shaped” recovery look like, and what it means for everyday Americans By: MATTHEW ROZSA. — During …

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GoodDollar Begins Delivering Universal Basic Income Globally via Blockchain

By: Lawrence Wintermeyer. — With enforced shutdowns driving governments to enact emergency stimulus measures and airdrop funds into citizens’ …

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Study shows cities have stopped providing middle-class work in recent decades — especially for Black and Latino workers.

The urban job escalator has stopped moving Study shows cities have stopped providing middle-class work in recent decades — …

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The dignity in UBI is in being unconditionally there for each other

By: David Brancaccio and Daniel Shin Millions of eligible Americans received an emergency aid payment of $1,200 earlier this year when …

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Money and happiness are more strongly related now than in the past, and represents another argument for UBI

Money buys even more happiness than it used to Jean Twenge   Many factors determine happiness, but one has stirred considerable …

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The stimulus checks were mostly used for basic everyday expenses

Stimulus Checks Just Enough To Plug A Few Financial Holes Right Now by Christian Weller The federal government sent …

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Universal basic income could improve the nation’s mental health

Many people are talking about universal basic income (UBI) these days. Giving everyone a guaranteed income could be the solution to many economic …

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Do markets require redistribution to avoid market failure due to excessive inequality?

Wealth inequality is escalating at an alarming rate not only within the U.S. but also in countries as diverse …

The Great Depression of the 1930s was exacerbated by a series of policy blunders. Photograph: Bettmann Archive

With growth this tepid, is it time to give ‘helicopter money’ a whirl?

Growth is the default setting for modern economies. Humans innovate and improve, find better ways of doing things. Only …

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The Significance of an Unconditional $1,000 per month

Andrew Yang’s plan to provide $1,000 in government-sponsored payments to every American adult each month — an “allowance for …

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‘Socialism for the rich’: the evils of bad economics

Article originally published on June 6th, 2019. In most rich countries, inequality is rising, and has been rising for …

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Toward a Just Economy: How a Universal Basic Income Can Curb Racial Inequality

FOR IMMEDIATE RELEASE: June 19, 2019 CONTACT: Ariela Weinberger, aweinberger@rooseveltinstitute.org Toward a Just Economy: How a Universal Basic Income …

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Feds urged to consider basic income to help ‘gig’ workers

Article originally published June 11, 2019. OTTAWA — A cross-party committee of MPs says it’s time for the government …

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The net worth of the average 18-35-year-old in the US has plunged 34% since 1996 to below $8,000 and only 20% are better off now than in ’07

Article originally published on 05/31/19. The net worth of the average 18- to 35-year-old has plummeted 34 percent since …

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OTTAWA — A cross-party committee of MPs says it’s time for the government to take a deeper look at a guaranteed minimum income to help work

Article originally published on June 11, 2019. OTTAWA — A cross-party committee of MPs says it’s time for the …

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In the United States, there aren’t enough hours in the week to make rent

Article originally published April 12, 2019. The mayor of Brisbane, a small city squeezed between San Francisco and Silicon …

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Study: 79% of parents are providing on average $7,000 of financial support to their adult children at a cost of $500 billion per year

Article originally published on Oct 2, 2018. Many millennials are having a tough time financially launching their adult lives …

One in Six British Workers Have Too Much Education for Their Job

Millions of British workers are overqualified for their jobs, according to figures published Monday. Sixteen percent of 16-to-64-year-olds in …

Universal basic income vs jobs guarantees: which one will make us happier?

Two competing (or, possibly, complementary?) proposals for resolving income inequality and the hole that four decades of demand-side Reaganomics …

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Amazon—and 56 Other Corporations—Took Your Tax Dollars

Yeah, yeah, yeah, Bernie Sanders, castigator of the one percent, is a millionaire now. So are Kamala Harris and …

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Why we should all have a basic income.

Consider for a moment that from this day forward, on the first day of every month, around $1,000 is …

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Family & Education Middle classes losing out to ultra-rich

Middle-class families are seeing their incomes stagnating as they are squeezed by the ultra-rich taking a bigger slice, says …

What happens if robots take the jobs? The impact of emerging technologies on employment and public policy

Automation is appearing everywhere. Ready or not, innovations like robotics, computerized algorithms, artificial intelligence, augmented reality, medical sensors and …

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Chicago May Become Largest City In U.S. To Try Universal Basic Income

Chicago Alderman Ameya Pawar is worried about the future. He is concerned that a coming wave of automation could …

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Universal Basic Income: Brexit-Voting Sheffield May Be England’s First Test

Sheffield, a 500,000-strong city that narrowly voted in favor of Brexit three years ago, could be the first city …

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A Nobel Prize winner in economics just backed basic income

Basic income is having a whirlwind year, and it was just galvanized even further by the support of Angus …