March 10, 2013 |
In announcing his wrongheaded proposal to increase the minimum wage to $9 an hour, President Obama spoke in lofty terms: "In the wealthiest nation on Earth," he said in his State of the Union address last month, "no one who works full time should have to live in poverty. " If the debate proceeds as it has -- many times -- in the past, then most Democrats will embrace the president's message and back the proposal, while most Republicans will oppose it, on the grounds that higher labor costs will lead to higher unemployment.
January 4, 2012 |
Via Kevin Drum , here's a new run at the income inequality fence from the bipartisan Congressional Research Service, and it should bury two shibboleths commonly employed by inequality-deniers: One, that inequality hasn't really increased in recent years, and two, that thanks to broadly held pension fund and mutual fund assets, rising share prices benefit all wage-earners. The report by the CRS, an arm of the Library of Congress, shows that inequality has increased quite smartly, thank you. From 1996 to 2006, total after-tax income in the U.S. rose by more than 20%. How was this gain distributed?
March 10, 2013 |
Nearly 8 million Americans go to work every day yet still live below the poverty line. That is in part because the federal minimum wage is too low. Currently, an individual with a full-time job at the minimum wage and a family of three to support will fall below the federal poverty line. These workers, despite putting in regular hours, are struggling to provide basic necessities for themselves and their families. By allowing the minimum wage to remain at a nearly unlivable level, we have deemed certain jobs not worthy enough to meet even our country's minimum standard of living.
July 24, 2011 |
Milt and Jean Burdick's mobile home in Brea is tidy, comfortable and in a beautiful setting. Like other homes in the mobile-home park in which they live, it looks out on the verdant parkland of Carbon Canyon. Roses tended by Jean bloom in profusion near their front door. And inside, a $20,000 renovation added granite kitchen counters, new carpets and double-paned windows. But for the retired couple, the rising cost of rent for their lot space is a source of worry and tension.
January 21, 2014 |
Whether it's because President Obama recently highlighted the issue or because most Americans are really feeling the pain, the debate over income inequality is now part of the mainstream kitchen-table debate. That's the conclusion to be drawn from a Gallup poll released Monday, on Martin Luther King Day. The survey finds that two-thirds of adults are somewhat or very dissatisfied with income and wealth distribution in the U.S. The poll was taken on Jan. 5-8, or about a month after the president's speech about economic inequality . The partisan breakdown is about what you'd expect.
January 22, 2011 |
Supreme Court Justice Clarence Thomas failed to report his wife's income from a conservative think tank on financial disclosure forms for at least five years, the watchdog group Common Cause said Friday. Between 2003 and 2007, Virginia Thomas, a longtime conservative activist, earned $686,589 from the Heritage Foundation, according to a Common Cause review of the foundation's IRS records. Thomas failed to note the income in his Supreme Court financial disclosure forms for those years, instead checking a box labeled "none" where "spousal noninvestment income" would be disclosed.